US gains 157,000 jobs, jobless rate rises to 7.9 percent

US Gains 157,000 Jobs, Jobless Rate Rises

African-American unemployment dipped slightly from 14 percent to 13.8

by The Grio, February 01, 2013

Comments
US gains 157,000 jobs, jobless rate rises to 7.9 percent

US gains 157,000 jobs, jobless rate rises to 7.9 percent

Photo courtesy of Kevork Djansezian/Getty Images

U.S. employers added 157,000 jobs in January and hiring was stronger over the past two years than previously thought, providing reassurance that the job market held steady while economic growth sputtered.

African-American unemployment dipped slightly from 14 percent to 13.8  and Black teen joblessness also fell from 40.5 to 37.8 percent.

The mostly upbeat Labor Department report included one discouraging sign: the unemployment rate rose to 7.9 percent from 7.8 percent in December. The unemployment rate is calculated from a survey of households, while job gains come from a survey of employers.

Read it at The Grio.

 
Stay in the Know
Sign up for the Ebony Newsletter