The Labor Department reported that nonfarm payrolls rose by 243,000 from December to January and the jobless rate fell from 8.5 percent to 8.3 percent. Private sector job gains of 257,000 were broad based with professional and business services leading the way and the unemployment rate fell to its lowest level since February 2009.

This data release included benchmark revisions for prior data, the net result being an upward revision of more than 250,000 to nonfarm payrolls in recent years. Payrolls for 2011 alone were revised upward by 180,000, from a gain of 1.64 million to 1.82 million.




Obama got the assignment during a live-streamed interview organized by Google Plus, the online search giant’s new social networking site.
But, does that make any sense?


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