Economy Adds Only 36,000 Jobs in January

Filed under: Industry, Economic Data, Personal Finance, Headline News, Federal Reserve

The jobs number is disappointing at best. Only 36,000 jobs were added in January, according to the Wall Street Journal. Dow Jones news wires had forecast an increase of 136,000. The unemployment rate fell to 9%.



The key reason for such a poor showing was bad weather. However, the December number was increased to 121,000 jobs, from 103,000.



Commenting on the jobs situation, Federal Reserve chairman Ben Bernanke said: "Until we see a sustained period of stronger job creation, we cannot consider the recovery to be truly established."

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Economy Adds Only 36,000 Jobs in January originally appeared on BloggingStocks on Fri, 04 Feb 2011 17:20:00 EST. Please see our terms for use of feeds.

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