Unemployment Drops to 8.3%; Payrolls in U.S. Jump 243,000
By Bob Willis
Feb 3, 2012 1:53 PM GMT
Employment climbed more than forecast
in January and the U.S. jobless rate unexpectedly fell to the
lowest in three years, casting doubt on the Federal Reserve’s
pledge to keep interest rates low until late 2014.
The 243,000 increase in payrolls was the most since April
and exceeded all forecasts in a Bloomberg News survey, Labor
Department figures showed in Washington. The unemployment rate
dropped to 8.3 percent, the lowest since February 2009.
Stock futures and bond yields jumped as the report fueled
optimism the economy is weathering the
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