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February 1, 2013

Another month of modest job gains, but unemployment rate rises

  • 157k the number of jobs added to the economy in January, according to the Bureau of Labor Statistics latest report. The unemployment rate (U-3, not U-6) jumped to 7.9 percent. The U-6 stayed steady at 14.4 percent. The U-3 rate needs to hit 6.5 percent before the Federal Reserve will consider raising interest rates. source
11:00 // 1 year ago