111,000 Jobs Added In January

Feb. 2, 2007
Unemployment rate rose to 4.6%.

The U.S. economy added 111,000 jobs in January, the Labor Department said on Feb. 2.

The figure, seen as one of the best indicators of economic momentum, was weaker than the 150,000 new jobs expected by Wall Street analysts.

But the agency revised upward its estimates for job creation in December to 206,000 from 167,000 and to 196,000 in November from 154,000.

The unemployment rate, taken from a separate survey of households, rose slightly to 4.6% from 4.5% in December.

Average hourly wages, a key gauge of inflation rose 0.2 % in January to $17.09.

Copyright Agence France-Presse, 2007

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2017. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.

Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!