U.S. unemployment rate down to 8.3%
February 3rd, 2012
09:32 AM ET

U.S. unemployment rate down to 8.3%

American employers substantially stepped up their hiring in January, bringing the unemployment rate down for the fifth month in a row.

Employers added 243,000 jobs in January, the Labor Department reported Friday, marking a pick-up in hiring from December, when the economy added 203,000 jobs.

Meanwhile, the unemployment rate fell to 8.3%. That is the lowest since February 2009.

Job growth was much stronger than expected. Economists surveyed by CNNMoney had forecast 130,000 jobs added in the month, and that the unemployment rate likely ticked up to 8.6%.

"This is an optimistic jobs report, especially in light of very poor jobs reports for almost three years," said Brian Hamilton, CEO of Sageworks, a financial information company. "We don't know if the positive jobs trend will continue, but it is definitely a good trend."

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Filed under: Economy • Jobs
soundoff (34 Responses)
  1. MISSPOKE

    The unemployment rate has dropped to 8.3% because the SAFETY NET has been repaired! Hahahahaha!

    February 3, 2012 at 2:18 pm | Report abuse | Reply
  2. bobcat (in a hat) ©

    @ fenace

    You are absolutely right. No matter what good our president does, it will never be acknowledged by the other party. With as much as he has been able to accomplish on his own, just imagine how good things would be right now if he had actually got some cooperation.

    February 3, 2012 at 2:20 pm | Report abuse | Reply
    • Danny

      And vice versa.

      He plays the game just as much as everyone else, and I'd love to see them all gone.

      February 4, 2012 at 12:21 pm | Report abuse |
    • BK

      @Danny – I haven't seen the Republicans come up with anything good for the Democrats to block this term, honestly. They spend all their time blocking things, not coming up with ideas. I miss the old Republican party.

      February 4, 2012 at 12:34 pm | Report abuse |
    • Danny

      @BK – you don't pay enough attention, I recall the words of Obama to republicans, I will veto the bill if it contains "X", I will veto the bill if it contains "Y". And I remember this bill is "dead on arrival", as it goes to Harry Rieds Senate. I'm not saying republicans are good, I'm just saying that,
      Obama is just as bad as any of them.

      February 4, 2012 at 1:03 pm | Report abuse |
  3. Democracy in shame

    When the unemployment rate goes up its Obama's fault but when it goes down, somebody else gets the credit! Well, at least the whole world has finally seen for itself how America is the most bigoted and racist country known to the world.

    February 3, 2012 at 2:33 pm | Report abuse | Reply
    • Danny

      Obama does the same thing.
      "Our policies are working" "Now congress don't muck this up"
      bigoted and racist can go both ways.
      I prefer to call them all, self serving and power hungry

      February 4, 2012 at 12:59 pm | Report abuse |
  4. Joey Isotta-Fraschini©™

    Yeah, sure.
    I believe you. The unemployment rate really is 8.3%.
    No, I really do.

    February 4, 2012 at 9:00 am | Report abuse | Reply
  5. Bill

    Usa still owned by china. China should attack us.

    February 4, 2012 at 12:59 pm | Report abuse | Reply
  6. Danny

    One thing that always bothered me about Obama was when he would say,
    Republicans would rather have people out of work and paying higher taxes because they are unwilling to compromise.
    When you say that doesn't that also mean you would rather have people out of work and paying higher taxes because you are unwilling to compromise??

    That always seemed like such a stupid thing to say.

    February 4, 2012 at 1:07 pm | Report abuse | Reply
  7. Danny

    One thing that always bothered me about Obama was when he would say,
    Republicans would rather have people out of work and paying higher taxes because they are unwilling to compromise.
    When you say that doesn't that also mean you would rather have people out of work or paying higher taxes because you are unwilling to compromise??

    That always seemed like such a stupid thing to say.

    February 4, 2012 at 1:08 pm | Report abuse | Reply
  8. collegeat39

    This in not the actual unemployment rate. It is their number. It is all propaganda. I am not a sheep.

    February 4, 2012 at 1:21 pm | Report abuse | Reply
  9. rob g

    I want to say this as constructive as i can. the unemployment rate is not down and is going up each and every day. the rate is at least twice maybe three times hight than the united states claim. people are giving up on looking for jobs if they don't have them. people are retiring at a high rate from state governments to get away from the cutbacks and bleeding of their pensions that is being sucked out of them by the state governments. This is just the beggining of the great fall. The bubble that the public is witnessing is just that a fake bubble just like the one in the early 2004 and 05. the only difference is it is the fed that is creating it, by putting numbers out there that are not real and having these wall street companies back it up. the same ones they bailed out. Our ecomomy is floating on a raft to nowhere and only needs a storm to knock it over. We are no longer backed by gold only our word. We are a war ecomomy the same one that pulled us out of a depression in the 1930's. remember ww2? now what ? pick a fight or justify one for the sake of our ecomomy. Watch what happens in the next few months before the gret fall begins.

    February 4, 2012 at 10:26 pm | Report abuse | Reply
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    March 14, 2012 at 9:21 pm | Report abuse | Reply
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