National Unemployment Rate Up In January Despite Jobs Gain
The unemployment rate for the United States rose to 4.0% in January, up from 3.9% in December. This rise was unexpected by most economists who were forecasting no increase in the December rate and 170,000 jobs created. Instead, the Bureau of Labor Statistics reported 304,00 new jobs were created during the month. However, it should be noted that this number may be revised in February, just like the December increase of 312,000 new jobs was revised downward to 222,000. Manufacturing jobs were up by 13,000 in January over December.