Unemployment Drops to 8.3%

Posted by on Feb 03, 2012 at 8:33 am

The U.S. economy gained 243,000 jobs in January and the unemployment rate slipped to 8.3%, the Labor Department said Friday. Economists surveyed by MarketWatch had forecast the U.S. would add 121,000 jobs last month, with a jobless rate of 8.5%. The private sector boosted payrolls by 257,000, led by large increases in manufacturing, professional services, leisure and hospitality and health care. Average hourly earnings rose 0.2% to $23.29 and hours worked were unchanged at 34.5. Job gains for December and November were revised up by a combined 60,000.

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