U.S. Unemployment Fell To 8.3 percent In January

WASHINGTON, D.C. – The U.S. economy added 243,000 jobs in January, according to data released this morning by the federal Bureau of Labor Statistics.

Private-sector employment grew by 257,000, with the largest employment gains in professional and business services (+70,000), leisure and hospitality (+44,000), and manufacturing (+50,000. Government employment was little changed over the month, but has lost 276,000 jobs over the past 12 months, with declines in local government; state government, excluding education; and the U.S. Postal Service.

The overall unemployment rate fell again for the fifth straight month, to 8.3 percent. However, 12.8 million people are still counted as unemployed by the government, 2.8 million who are “marginally attached” to the labor force (people who do not have jobs and had looked for work in the past year, but not in the past month), and 8.2 million people who are employed part time for economic reasons.

The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 5.5 million and accounted for 42.9 percent of the unemployed.

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