News Column

US Unemployment Rate Falls to 8.3 Percent

Feb 3, 2012
Unemployment

The US unemployment rate dropped to 8.3 percent in January, from 8.5 percent the previous month, the Labour Department said Friday.

The figure has been falling since August, and now stands at its lowest level in nearly three years.

The better-than-expected January figure reflected the addition of 243,000 jobs in the month, with widespread growth across the private sector, the Bureau of Labour Statistics said.

The largest gains were in professional and business services, leisure and hospitality, and manufacturing. Government employment, which has weighed heavily on the unemployment figures as local governments cut spending, remained flat.



Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH


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