US Economy Added 157,000 Jobs In January, Unemployment Up To 7.9%

 @JosephLazzaro on February 01 2013 8:50 AM

The U.S. economy added 157,000 jobs in January, the U.S. Labor Department announced Friday.

It's a gain that's indicative of economic expansion, but one that's still too small to lower the nation's high unemployment rate, which rose to 7.9 percent in Janaury.

There was one unqualified bright spot in the January report: Job gains from November and December were revised substaintially higher -- November to 247,000 from 161,000; December to 196,000 from 155,000.

Details to follow.

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