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U.S. Unemployment Rate Exceeds Expectations

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The U.S. Department of Labor announced on Friday that the US economy added 151,000 jobs in January while the unemployment rate dropped to 4.9%. The unemployment rate exceeded expectations dropping below 5% for the first time since February 2008. January’s job growth, however, came about 40,000 jobs under what economists expected. After a strong finish to 2015, economists expected the January jobs number to come in at 190,000. In the last quarter of 2015, job numbers increased by an average 284,000 a month and overall, the US economy added 2.65 million jobs in 2015.

Added on the 05/02/2016 12:08:59 - Copyright : Wochit

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