U.S. Jobless Rate Edges Up To 4%


U.S. payroll employment continued to see full-bodied growth in January as more than 300,000 new workers were added to the nation’s brimming labor pool in January, according to the U.S. Bureau of Labor Statistics’ (BLS) monthly employment situation summary released Friday.

Nationwide, the U.S. unemployment rate now stands at 4%, up 0.1 percentage point between December and January as the impact of the federal government shutdown contributed to the uptick in the number of unemployed persons in the labor pool, BLS official said.

The January job report follows a similarly robust labor force assessment in February when the U.S. economy added 312,000 jobs the unemployment rate climbed 0.1 percentage point to 3.9%. However, BLS officials revised that total down to a more modest 222,000 job gains during the run up to the Christmas holiday season.    MORE

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