Economy adds 111,000 non-farm jobs in January
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The U.S. economy added a  weaker-than-expected 111,000 jobs in January, but the job  picture was much brighter than first estimated in the final  quarter of last year, a government report on Friday showed.
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Nonfarm payroll employment falls for the first time since 2003.
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Shoppers put aside worries about the slumping economy to go to the malls and auto dealerships in January. That propelled retail sales to a surprising rebound following a dismal December.
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Inflation rose to an annual rate of 2.2 percent in January, compared with 2.1 percent in December, official data showed on Tuesday.
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The US economy generated 146,000 jobs in January, the government said in a report that was well below most forecasts and which suggests still-modest economic growth ahead.
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Producer prices, or the cost of goods at the factory gate, rose by 0.3 percent in January from level the previous month, the biggest increase for six months, official data has shown.
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The U.S. economy added a weaker-than-expected 111,000 jobs in January, but the job picture was much brighter than first estimated in the final quarter of last year, a government report on Friday showed.
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Personal incomes rose in January at the fastest rate in a year, bolstered by bonuses to highly paid executives, but construction activity fell sharply.
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The Consumer Price Index posted a higher-than-expected gain of 0.4 percent in January, and construction of new homes and apartments rose by 0.8 percent in the month, the government reported.
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The nation's labor market softened a bit in the new year, with the unemployment rate edging up to 4.6 percent in January as job growth slowed, the Labor Department said today.
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Activity at the nation's factories increased for a 20th consecutive month in January but the pace of expansion eased, reflecting sustained, moderate growth in the overall economy.
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WASHINGTON Sept. 3, 2004 - America&#39;s payrolls picked up in August, with the economy adding 144,000 jobs, slightly less than economists were forecasting and highlighting the slow and uneven recovery in the labor market that jobseekers have braved.
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U.S. private employers added 130,000 jobs in January, about three times the number that economists had been expecting, a report by a private employment service said on Wednesday.
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The US economy added 337,000 now jobs in October, a seven-month high and much higher than Wall Street expectations.
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A key forecasting gauge for the U.S. economy rose for the second straight month, but at a smaller-than-expected 0.1 percent in January, a report from a private research group said on Wednesday.
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The economic storm clouds gathering over the 2008 presidential race burst open yesterday with news that the economy shed 17,000 jobs in January, the first job loss in 52 months and the clearest sign yet that the economy may be in a recession.
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Inflation reached a 27-month high while figures for growth suggested that the broader economy was not yet overheating.