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Friday, February 3, 2012

Economy 243,000 Jobs in Jan

Posted by Charles Mudede on Fri, Feb 3, 2012 at 5:44 AM

WASHINGTON—The U.S. labor market grew in January at its most robust pace since last spring, a sign that the economy's momentum carried into the new year.

Nonfarm payrolls rose by 243,000 last month, the Labor Department said Friday, marking the biggest gain since April. The jobless rate fell by two-tenths of a point to 8.3%, the lowest it has been since February 2009.

How happy I am that Romney will stew today.

Comments (6) RSS

Oldest First Unregistered On Registered On Add a comment

This won't do. Quick Obama, issue more H1-B visas.

Posted by Billy Chav on February 3, 2012 at 7:20 AM

I have to ask the question NO ONE will ask: What is the average wage of these new jobs as compared to the jobs that were lost during the recession?

Posted by Cato the Younger Younger on February 3, 2012 at 8:02 AM

All the hard work of George Bush is finally paying off!

Posted by Supreme Ruler Of The Universe

on February 3, 2012 at 8:16 AM

My first thought as well, Cato.

Posted by emor on February 3, 2012 at 8:19 AM

@2, well, let's say that the average is less. What can you say then, except every little bit helps?

Posted by Phoebe in Wallingford on February 3, 2012 at 8:53 AM

Charles,
I shared this with Goldy too.
I thought these pieces better examine the jobs' report:

http://www.nytimes.com/aponline/2012/02/…

and this:

http://www.realclearpolitics.com/video/2…

Don't get me wrong, I'm glad there was a dip in the UE rate but we still have an incredibly long way to go.

Posted by lark on February 3, 2012 at 1:28 PM