January Jobs Surge, Unemployment Drops to 8.3%

January Jobs Surge, Unemployment Drops to 8.3%

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UAW worker photoThe unemployment rate fell for the fifth straight month after a surge of January hiring, a promising shift in the nation’s outlook for job growth.

The Labor Department says employers added 243,000 jobs in January, the most in nine months. The unemployment rate dropped to 8.3 percent from 8.5 percent in December. That’s the lowest in nearly three years.

Overall, the private sector added 257,000 jobs in January, with manufacturers continuing to show strength in hiring.

(READ the AP story from ABC News)

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