Unemployment Rate Ticked Up In January; 157,000 Jobs Added
Filed by KOSU News in Business.
February 1, 2013
8:35 a.m. ET: The nation’s jobless rate edged up to 7.9 percent in January from 7.8 percent in December, the Bureau of Labor Statistics reports.
Meanwhile, 157,000 jobs were added to public and private payrolls in the month.
And, BLS revised up its estimate of job growth in December. It now estimates there were 196,000 jobs added to payrolls, up from its initial estimate of 155,000.
We’ll have more on the report and reactions to it as the morning continues.
Our original post:
The Bureau of Labor Statistics is due to tell us at 8:30 a.m. ET about the nation’s unemployment rate in January and how many jobs were hopefully added to public and private payrolls last month.
A month ago, BLS said there were 155,000 new jobs in December and that the unemployment rate that month was 7.8 percent. Heading into today’s reports, economists told Reuters they were expecting to hear that there were 160,000 added to payrolls in January and that the jobless rate stayed at 7.8 percent.
We’ll update this post with the January news after it’s released, and then sift through the data and reactions. [Copyright 2013 NPR]