Mon, May 28, 2012, 8:45 PM EDT - U.S. Markets closed for Memorial Day

US unemployment rate down to 8.3 percent on hiring

US unemployment rate down to 8.3 percent as employers added 243,000 jobs in January

WASHINGTON (AP) -- The U.S. unemployment rate fell for the fifth straight month after a surge of January hiring, a promising shift in the nation's outlook for job growth.

The unemployment rate dropped to 8.3 percent from 8.5 percent in December. That's the lowest in nearly three years.

The Labor Department says employers added 243,000 jobs in January, the most in nine months.

Employers have added an average of 201,000 jobs per month in the past three months. That's 50,000 more jobs per month than the economy averaged in each month last year.

The January jobs report was filled with other encouraging data and revisions. Hiring was widespread across many high-paying industries. Pay increased. And the economy added 200,000 more jobs in 2011 than first thought.

 

15 comments

  • Cut government salaries  •  Charlotte, North Carolina  •  3 months ago
    Blank blank lies. Just read a story on Yahoo about millions of under 30's unable to find a job. If you are not receiving unemployment benefits you are not counted as out of work. More like 20 % so your #$%$s vote for more hope and change from Obozo and his Chicago criminal clowns.
  • Clouseaux  •  East Brady, Pennsylvania  •  3 months ago
    It dropped only because of the hiring of part-time employees for the holidays which offers no benefits and no chance for long term employment.
  • bill  •  Greensboro, North Carolina  •  3 months ago
    So when are they going to count the 11 million not employed and have used up all the unemployment benefits. Going to be funny when the hiring goes past the 7.67 million unemployed and we go into negative numbers.
  • Mad as HellO  •  Ewa Beach, Hawaii  •  3 months ago
    true rate is over 18% for unemployment alone and over 20% for underemployed leaving nearly 40% of the US workforce with limited or no income.
  • Mad as HellO  •  Ewa Beach, Hawaii  •  3 months ago
    True unemployment has been over 18% across the all states for over 4 years.
  • Mad as HellO  •  Ewa Beach, Hawaii  •  3 months ago
    hahahahaaaaaaaaaaa 8.3 % hahaaaaaaaaaaaaaaaaaaaaa
  • Dude  •  Colorado Springs, Colorado  •  3 months ago
    Liar, Liar, pants on fire!
  • Robert  •  Wheat Ridge, Colorado  •  3 months ago
    If you are lucky to have a job, you're probably working for about $10 bucks an hour with no chance to save or pay down debts after meeting all of your expenses. Most of us are facing a "Soylent Green" economic future. Where are the euthanisia facilities? I'm getting sick of this! (49 year old former research vessel tech and television worker who's now unemployed over 3 years! ARRRGH!)
  • dalew  •  Waco, Texas  •  3 months ago
    If you want to keep moving down to the bottom,vote for Romney or the Grinch.
  • God  •  3 months ago
    I found 4 versions of this article in the 'related content' box above.
  • Fabian Michael Martinez D ...  •  Denver, Colorado  •  3 months ago
    The truth is, we're still in a recession, the jobs out there are still going, we're not really gaining jobs, that is only a facade by the media to get Obama reelected. If you know the streets as well as I do, you will see people are still suffering due to the job market. I know the truth, and I am not easily fooled by false statistics and biased media.
  • cannabis_cures_cancers  •  3 months ago
    The rich are sitting on trillions of dollars simply because they can't spend it all. Ever see the movie Brewster's Millions? We need to take that money back that they didn't earn and was deliberately siphened away from the middle class for the last 30 years. It’s only been about socialism for the rich. Nobody else!! The rich would pay 1 cent per hour if the government passed a law permitting it today. They sure don't work a tenth as hard as their parents and don't have a tenth of their scruples. Don't give me this junk about the shareholders decide to pay them that because your vote is only worth the amount of shares you have. You can't force people to create jobs but you can force them to pay a living wage otherwise their unworthy business is not going to be allowed to exist. You can do away with the capital gains tax and tax everything as income so that there's less incentive for businesses to just do the market instead of expanding their company. You can stop any idea of a flat tax because a flat tax only benefits the rich and shuts everyone else out. Paying fair tax really means what you have left over as disposable income. Someone who has none left over shouldn't be required to pay the same flat tax as someone who has millions left over. You’ve been taxed just with inflation alone as businesses are not giving you a cost of living adjustment even though you provide them a service just like their vendors do who charge them a cost of living adjustment. They are ripping you off. Plain and simple. You can save social security/medicare simply by taxing incomes over 110k the same percentage for social security/medicare as everyone else pays. These 110k and above people do what it takes so they can still collect it when they retire and they never pay a dime into it for any of their income above 110k. They’ll be unemployed long enough to qualify or they’ll take a low paying job for a few years before retirement. You can levy heavy fees and taxes on outsourcing so it's no longer practical for companies to do so... You can penalize them for doing the wrong thing instead of offering tax breaks to do the right thing and it will be a better example to our kids. The rich were still rich in the 40’s, 50’s, and 60’s when paying 90% tax before LBJ lowered it to 70% in 1965. Ronald Reagan took it from 70% down to 28% and it's been there ever since with tons of write offs as well. This country was a leader and we advanced the most when the rich had to pay their fair share of taxes. We must bring back that same tax policy and it will unfortunately take 30 years of it to straighten out this mess. The 99 percent are finally realizing that they were not put on this earth to take the rich’s crap their entire lives. That's right. Hire me. I'll run your business. I'll create ideas to make and save you money. And when your expenses go up with inflation, don't even give me a cost of living adjustment so you can pay me wages of years ago. Oh yeah and we'll not call that a hand out to the rich or socialism for the rich. We'll tell everyone it is you that worked hard. We'll tell everyone your so called worthy business will survive even without paying slave wages. Tell them you'll hire people for even less overseas unless they lower the minimum wage...Tell the employees you do have that they can get 2 full time jobs and go to school so that one day they can make a living wage and stop being lazy. And though you paid 70 percent tax for over 20 years before Reagan lowered it to 28 percent, just cry like a baby when they want to make you pay more than 15 percent. Tell them why you must have 200 times more disposable income that your parents and grandparents had because they had a sickness called scruples, principles, ethics, and pride. Fair contributions and the measure of someone's good will is not the amount of what they give. It's the amount they have left after giving.
    • Cut government salaries 3 months ago
      I worked very hard and sweated daily to EARN every penny I have. Try to take mine and I will eliminate you on the spot. Get off your arse and get to work cry baby #$%$
    • cannabis_cures_cancers 3 months ago
      you sound like a whimp behind a pc. we will take away your tax breaks, we will demand you pay a living wage, etc. you're days of taking from us are numbered. you are a worthless whimp compared to any of us and we can rub you out with one hand behind our back.... stay behind your pc you coward... keep sucking rush limbaugh off you american embarrassment....
  • cannabis_cures_cancers  •  3 months ago
    Republican president, house, and senate from 1921 to 1933. Republican house and senate 1919, 1920, 1947, 1948, 1953, 1954. Republican senate from 1981 to 1987. Republican house and senate from 1995 until 2007 with the exception of not having the senate for 2001 and 2002. The republican house, senate and president couldn't wait to show everyone what they could do with the surplus from 2003 through 2007. They made some impression on what would happen when for the first time in 68 years you had a republican house, senate, and president..... the republicant bubble...Now they have the house until 2013 and they are still the party of “NO!”…They are even cannibals to each other. If you want to study the art of lying, study a republicant. All these dumb republicants can do these days is say “no” to everything and slack off…….. They can’t speak, help, write, or even pronounce their last names… As for music, they only know the beginning of that 1968 hit "Nobody But Me". Circle Jerk Neanderthals……What a coincidence that it was 68 years between the two republicant bubbles of having a republican president, house, and senate…... republicans always stick together as illiterate neanderthal clowns against a divided democratic fillibuster... so the republicans win anyways... 50 percent of a 60 percent democratic fillibuster always loses against a hundred percent of a 40 percent republican party...Bush Junior thought he was a genius by creating a new tax bracket which was the lowest for people that don't pay tax anyways at that income level. He did this so he could bring down the top brackets more.... He also stopped funding the anti-terrorism task force as soon as he got into office... He's vedy vedy saudi for trusting the saudi's.......bush lowered the capital gains tax to 15% in 2003 under a republican house & senate so that they can go on to break world history in war profiteering off the haliburton stock as our troops were sent home in body bags... Businesses pay less tax playing the market for profit rather than it being taxed at their income level which is already a disgustingly low tax rate. We used to have scruples.There were always people ripping each other off but nowhere near the extent we have today. We didn't have high medical costs, sky high gas, food, rent, etc. and the middle class could have some disposable income. Today they throw out a bunch of mumbo jumbo to sugar coat the turd that the only way they can fix things is to take away what the poor and middle class had and give it to the people who don't need it at all up top in the wealthy class.... It makes no sense... It's very very shameful... They didn't work hard for it.... This was given to them on a silver platter. We are at a stale mate... Either you give back what was taken from the poor and middle class or continue to support socialism for the wealthy who only exploit people to the worst level in history due to lack of having their parents scruples and never broke an extra drop of sweat since before Reagan took office freezing the minimum wage, busting up unions that protected workers, cutting the rich's tax from 70 percent down to 28 percent.... etc. Senate: 2007 - 2009 = 49 dems and 49 repubs, 2009 - 2011 = 57 dems and 41 repubs, 2011 - 2013 = 51 dems and 47 repubs... No fillibuster worked against the republican party of no which was undivided. House: 2007 - 2009 = 233 dems and 202 repubs, 2009 - 2011 = 257 dems and 178 repubs, 2011 - 2013 = 242 repubs and 193 dems. No fillibuster worked against the republican party of no which was undivided. Go to the US Senate Government site to confirm exactly what I typed and you'll see the Party Divisions in the Senate as well as the Party Division in the House of Representatives, 1789-Present.
    • Tom Cat 3 months ago
      Were you smoking something when you wrote this?
    • Robert 3 months ago
      Be concise and witty. Long rants like this rarely get read!
    • cannabis_cures_cancers 3 months ago
      the one percent are banking on people's lazyness to read................
  • bill  •  Greensboro, North Carolina  •  3 months ago
    Nice to see some hiring. I wish the people well.
  • Nicole  •  Elmhurst, Illinois  •  3 months ago
    Lets not let facts get in the way of Yahoo news and the AP from helping obama win reelection, EVEN IF IT MEANS LYING. According to Gallup the REAL unemployment rate is 9% and the REAL underemployment rate is 19.2%.
 
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