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Unemployment rate hits 8.3 pct. after hiring burst



Published: Fri, February 3, 2012 @ 11:06 a.m.

Unemployment rate hits 8.3 pct. after hiring burst

WASHINGTON (AP) — In the most impressive surge for the job market since the middle of last decade, the United States added 243,000 jobs in January, far more than economists expected. The unemployment rate dropped to 8.3 percent, the lowest in three years. Hiring accelerated across the economy and up and down the pay scale. The high-salary professional services industry added 70,000 jobs, the most in 10 months. Manufacturing added 50,000, the most in a year.


Comments

1Nonsocialist(710 comments)posted 2 years, 7 months ago

http://data.bls.gov/timeseries/LNS113...

The participation rate really declined beginning in January 2009. What happened in January of 2009?

http://www.zerohedge.com/news/record-...

The naive read the Vindy and believe that it is not propaganda.

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2Ianacek(909 comments)posted 2 years, 7 months ago

Most of the abor force participation rate movements are just a reflection of demographics . They started rising about 1968 as increasing numbers of the huge baby boom generation entered the workforce & declined after 2003 as they started leaving the workforce . Generations X & Y have been smaller in number ; so the decline will continue .

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