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Weak

Rough Weather Dampens Job Report

But unemployment rate still falls to 9 percent.

The U.S. economy added only 36,000 jobs in January—almost 60 percent fewer than in December, the Labor Department reported Friday. The unemployment rate fell to 9 percent, the lowest level in two years, because over half a million people without jobs found work. But the Labor Department figures, which track the number of new jobs created, were a sign that the labor market continues to lag behind the rest of the economy, which grew at a rate of 3.2 percent in the fourth quarter of 2010. Severe weather in January likely contributed to the lack of new jobs as harsh snowstorms cut into construction employment.

Read it at Associated Press

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