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US unemployment rate falls in January
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February 06, 2010
Original URL: http://en.wikinews.org/wiki/US_unemployment_rate_falls_in_January


The US government has announced that the country's unemployment rate
dropped to 9.7% in January, from 10%.

A survey of households reported that the number of employed US residents
rose by 541,000 last month; at the same time, however, employers cut
20,000 jobs.

According to the figures, the retail sector gained 42,100 jobs last
month, the largest increase since November 2007; manufacturers' job
counts increased by 11,000, the biggest gain since April 2006.

Temporary help, meanwhile, gained 52,000 jobs. The Press Association
reports that could be an indication more hiring is on the way, saying
that employers generally hire temporary staff before more permanent
workers.

Carl Riccadonna, a senior US economist for Deutsche Bank Securities Inc.
in New York, commented: "Companies just can’t meet demand requirements
with their existing labor force, so they have to increase the number of
workers. This report does seem to indicate the economy is moving in the
right direction."

== Sources ==
* http://www.businessweek.com/news/2010-02-05/u-s-economy-unemployment-rate-unexpectedly-declines-to-9-7-.html
* http://www.google.com/hostednews/ukpress/article/ALeqM5j5KKZSYn9XZhQYGRqIkvLJtgSQpA



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