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Brooks Wilson's Economics Blog: January 2012 Unemployment Report.

Saturday, February 4, 2012

January 2012 Unemployment Report.


The Bureau of Labor Statistics released the “Employment Situation Summary” for January.  It was an encouraging report.  Unemployment fell .2% to 8.3%.  Total nonfarm payroll employment increased by 243,000.  The labor-force participation rate did fall from 64.0% to 63.7% because the number of adults not in the labor-force increased by 1.18 million largely because of the aging of the population; 1.07 million people 65 and older dropped out of the labor-force. 

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