U.S Unemployment Rate Nudges Down to 8.3 Percent

03 February 2012 @ 09:05 am EDT

The U.S. Labor Department released the jobs report for the month of January, where the Non-farm payrolls showed that 243 thousand jobs were added to the private payrolls, compared with the prior revised estimate of 203 thousand jobs and well above estimates of 140 thousand, while the unemployment rate plunged unexpectedly to 8.3percent from 8.5 percent, the lowest since February 2009.

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