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Unemployment rate drops to 6.6%

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Updated: 2/07 12:22 pm
WASHINGTON (AP) - Hiring was surprisingly weak in January for the second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year.

The Labor Department says employers added 113,000 jobs, less than the average monthly gain of 194,000 in 2013. This follows December's tepid increase of just 75,000. Job gains have averaged only 154,000 the past three months, down from 201,000 in the preceding three months.

Still, more people began looking for work in January, and some of the jobless were hired, reducing the unemployment rate to 6.6 percent. That's the lowest since October 2008.

Cold weather likely held back hiring in December, economists said, but the impact faded in January. Construction firms, which sometimes stop work in bad weather, added 48,000 jobs last month.
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king kaos - 2/7/2014 9:15 AM
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Oh WOW!!! Great Job Obama and to your Admininstration!!! I was COMPLETELY worng about you and your fellow socialistic globalist progressive scum out to ruin America... Good thing the numbers are not based on people getting unemployment and it doesnt have anything to do with the long term unemployment fiasco where MILLIONS of people got dropped off the list for just long enough to not count in that percentage calculation or anything... Phew! For a minute there I thought WEAK HIRING numbers and LESS FULL TIME jobs was A BAD THING and that this number really MEANS SQUAT because its SO COOKED you cant even tell it was supposed to be something before it is what it is now!!! Thanks for straightening that out for me! Signed, Silly no nothing conservative person that WORKS for thier money and takes care of his family.
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