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- May 27, 2009
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Feb. 3 (Bloomberg) -- The U.S. jobless rate unexpectedly fell in January to the lowest in three years as payrolls climbed more than forecast, casting doubt on the Federal Reserve's plan to keep interest rates low until late 2014.
The unemployment rate dropped to 8.3 percent, the lowest since February 2009. The 243,000 increase in jobs was the biggest in nine months and exceeded all forecasts in a Bloomberg News survey, Labor Department figures showed today in Washington. Service industries grew by the most in a year, according to a separate report.
Read more: Payrolls Jump in U.S. Casts Doubt on Fed Rate Pledge: Economy
The unemployment rate dropped to 8.3 percent, the lowest since February 2009. The 243,000 increase in jobs was the biggest in nine months and exceeded all forecasts in a Bloomberg News survey, Labor Department figures showed today in Washington. Service industries grew by the most in a year, according to a separate report.
Read more: Payrolls Jump in U.S. Casts Doubt on Fed Rate Pledge: Economy