US unemployment drops to 8.3%

US unemployment drops to 8.3% The US economy added 243,000 jobs in January and the unemployment rate dropped to 8.3 per cent
The labour department’s nonfarm payrolls report exceeded economists’ expectations of 145,000 new positions last month, compared with a better-than-expected 200,000 in December.
Friday’s data followed a report on private job creation from payroll processor ADP that said US companies added 170,000 new workers, below expectations.
The government’s tally showed 257,000 jobs were added in the private sector, compared with expectations of 163,000.

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