The US Department of Labor reports that the nation's unemployment rate tumbled to a four-month low of 5.7 percent.
The Labor Department also reported that outside the farm sector, the number of workers on US payrolls rose 143,000, following a 156,000 decline in December.
Both the increase in workers on US payrolls was double the improvement forecast by many economists, who also had not predicted the drop in the unemployment rate.
The Labor Department also reported that outside the farm sector, the number of workers on US payrolls rose 143,000, following a 156,000 decline in December.
Both the increase in workers on US payrolls was double the improvement forecast by many economists, who also had not predicted the drop in the unemployment rate.
- KC's View:
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Go figure. While there are still the wild cards of possible war and potential terrorist attacks, we're starting to see more positive economic stories lately.
By the way, speaking of possible war and potential terrorist attacks, did anyone else have the sensation after watching CNN and the other news channels over the weekend that an appropriate response to all this would be to crawl under the bed and hide?
