Secret Site Map
Wednesday, August 20, 2014

Home News January Unemployment Rate Drops to 9.7 Percent

January Unemployment Rate Drops to 9.7 Percent

The jobless rate unexpectedly fell to 9.7 percent from 10 percent.

| February 5, 2010

WASHINGTON  - The outlook for jobs became a bit less bleak with January's unexpected decline in the unemployment rate, which fell to 9.7 percent from 10 percent as more people said they had jobs.

Still, Friday's unemployment report showed just how deep the job crisis remains. The government now estimates 8.4 million jobs vanished in the Great Recession, and economists think the nation would be lucky to get back 1.5 million of them this year. And they say it will take at least three to four years for the job market to return to anything like normal.

The unemployment rate fell to its lowest level since August, primarily because a Labor Department survey of households found a sharp increase in the number of Americans with jobs. Analysts expected an increase to 10.1 percent.

A separate survey of businesses found that employers shed 20,000 jobs last month.

January's report offers hope that employers may start adding jobs soon. Excluding the beleaguered construction industry, the private sector as a whole added 63,000 positions.

Top news

Mosquitoes 'Smell' and 'Taste' DEET and other Repellents

Mosquitoes not only have a sense of smell for certain insect repellents, but they also have a sense of taste for these chemicals, according to scientists at the U.S. Department of Agriculture (USDA).

California Movie Theater Closes Due to Bed Bug Concerns

A bed bug infestation has shut down Lodi Stadium 12 Cinemas Sunday afternoon until Tuesday after concerns from customers were raised on the theater's Facebook page.

European Bee Health Levels Improve, Bayer Reports

New field data from nearly 400,000 bee colonies from 21 countries in Europe and the Mediterranean show that overwintering losses of honey bee colonies – a leading indicator of general bee health – are at their lowest level in years.

Ford Launches New Transit Van

Company brings ‘the pick-up truck of Europe’ stateside to replace its E-series platform.

Bees are No. 1 Bug Killer of Workers, Labor Department Reports

Bees were responsible for more workplace deaths (52) than spiders, wasps and ants combined, according to a new U.S. Labor Department report.