Jobless Rate Falls to 4.7% in January

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00011218-jobless-rate-falls-to-47-in-january/

By Rex Nutting, MarketWatch

The U.S. unemployment rate fell to a 5-year low of 4.7% in January as 193,000 jobs were added to nonfarm payrolls, the Labor Department said Friday.

The January payroll figures fell short of expectations of a gain of 248,000, but with upward revisions to November and December of 81,000, the total payroll gain in the past few months was a bit more than expected.

“Virtually everything else in the report was quite strong,” said David Greenlaw, an economist for Morgan Stanley.

For this complete story, please visit Jobless Rate Falls to 4.7% in January.

Jobless Rate Falls to 4.7% in January

Unknown Author

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