Unemployment At 7.9%

The U.S. economy added 157,000 jobs in January but the unemployment rate raised slightly to 7.9 percent, according to data released Friday by the Labor Department.

The U.S. economy added 157,000 jobs in January but the unemployment rate rose slightly to 7.9 percent, according to data released Friday by the Labor Department.

The new numbers also showed that more jobs were added to the economy in December and November than previously believed. The November revision says that the U.S. added 247,000 jobs, up from the 161,000 first reported and the U.S. added 196,000 in December, up from 155,000.

In a statement, the White House argued that the results show the need for Congressional action.

“It is critical that we pursue the policies needed to build an economy that works for the middle class as we continue to dig our way out of the deep hole that was caused by the severe recession that began in December 2007,” the statement reads.

 

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News updates from on and around Capitol Hill.
  • Guest

    braw -ha -ha, as reported from the 5th branch of the Gov’t.

  • Guest

    Creating more minimum wage jobs that are useless today and yet where are any of them? 

  • Guest

    Please, journalist, grammar !  The unemployment rate ROSE, no one raised it !
    The intransitive verb is called for.

President Obama, Get Back In The Game!

Mr. President, you’ve got the bully pulpit: you should set the agenda and the issues for the upcoming election.