U.S. labor market adds jobs, but unemployment rate ticks up .1 point
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U.S. labor market adds jobs, but unemployment rate ticks up .1 point
The unemployment rate rose from 7.8 in December to 7.9 percent in January, but the economy added 157,000 new jobs last month, according to the U.S. Bureau of Labor Statistics' monthly report released Friday morning.
The report indicates that job gains were seen in retail trade, construction, health care and wholesale trade, while employment edged down in the transportation and warehousing industries.
The additional 157,000 jobs added is less than the 196,000 jobs added in December, according to the revised numbers.
http://news.yahoo.com/blogs/ticket/unemployment-rises-7-9-percent-economy-adds-157-134041458--politics.html
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