SURPRISE: January Unemployment Drops To 9.7%

WASHINGTON (AP) -- The outlook for jobs became a bit less bleak with January's unexpected decline in the unemployment rate, which fell to 9.7 percent from 10 percent as more people said they had jobs.

Still, Friday's unemployment report showed just how deep the job crisis remains. The government now estimates 8.4 million jobs vanished in the Great Recession, and economists think the nation would be lucky to get back 1.5 million of them this year. And they say it will take at least three to four years for the job market to return to anything like normal.

A Labor Department survey of households found that 541,000 more Americans had jobs last month. But most of those gains were attributed to seasonal adjustments to the data. Without those adjustments, which account for reduced hiring during winter, the data show fewer people had jobs last month.

The unemployment rate fell to its lowest level since August, primarily because a department survey of households found a sharp increase in the number of Americans with jobs. Analysts expected an increase to 10.1 percent.

A separate survey of businesses found that employers shed 20,000 jobs last month.

January's report offers hope that employers may start adding jobs soon. Excluding the beleaguered construction industry, the private sector as a whole added 63,000 positions.

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  • by Anoonymous military dude on Feb 6, 2010 at 08:36 PM
    cont: "On the flyleaf under the heading, "My Pledge," he had written these words: "America must win this war. Therefore, I will work, I will save, I will sacrifice, I will endure, I will fight cheerfully and do my utmost, as if the issue of the whole struggle depended on me alone." The crisis we are facing today does not require of us the kind of sacrifice that Martin Treptow and so many thousands of others were called upon to make. It does require, however, our best effort and our willingness to believe in ourselves and to believe in our capacity to perform great deeds, to believe that together with God's help we can and will resolve the problems which now confront us. And after all, why shouldn't we believe that? We are Americans." Ronald Reagan. If Obama only had a 3rd of the patriotic spirit the Reagan did we might not be in the situation we are right now.
  • by Anonymous on Feb 6, 2010 at 08:33 PM
    "Beyond those monuments to heroism is the Potomac River, and on the far shore the sloping hills of Arlington National Cemetery, with its row upon row of simple white markers bearing crosses of Stars of David. They add up to only a tiny fraction of the price that has been paid for our freedom. Each one of those markers is a monument to the kind of hero I spoke of earlier. Their lives ended in places called Belleau Wood, the Argonne, Omaha Beach, Salerno, and halfway around the world on Guadalcanal, Tarawa, Pork Chop Hill, the Chosin Reservoir, and in a hundred rice paddies and jungles of a place called Vietnam. Under one such marker lies a young man, Martin Treptow, who left his job in a small town barber shop in 1917 to go to France with the famed Rainbow Division. There, on the western front, he was killed trying to carry a message between battalions under heavy artillery fire. We are told that on his body was found a diary."
  • by Anonymous military dude on Feb 6, 2010 at 08:27 PM
    " In this present crisis, government is not the solution to our problem; government is the problem. From time to time we've been tempted to believe that society has become too complex to be managed by self-rule, that government by an elite group is superior to government for, by, and of the people. Well, if no one among us is capable of governing himself, then who among us has the capacity to govern someone else? All of us together, in and out of government, must bear the burden." I would gladly trade my life for his right now, if he could come back and make America what it once was.
  • by Anonymous on Feb 6, 2010 at 08:23 PM
    "I have left orders to be awakened at any time in case of national emergency, even if I'm in a cabinet meeting." Obama had to finish his golf game befoe he did anything.
  • by Anonymous military dude on Feb 6, 2010 at 07:53 PM
    "All we need to begin with is a dream that we can do better than before. All we need to have is faith and that dream will come true. All we need to do is act and the time for action is now." Ronald Reagan. I guess the people of VA, NJ and Mass have all acted and come November alot more will act and take our country back.
  • by Obama Snake Oil Co Location: Washington on Feb 6, 2010 at 08:43 AM
    Lavon, so you are saying Obama is a terrorist? Well, he has allowed the underware bomber rights as a US Citizen, even though its against the law. He is spending you kids money on behalf of destroying the US the only way George Soros knows how. Have you paid your 100 K to the feds yet? At the rate he is going, you will owe 400 K by the end of his, your making a lot of money to afford this sharing of your wealth...I hope you like mexican food....
  • by Devil Dog Location: Greenville on Feb 6, 2010 at 04:48 AM
    Instead of people pointing fingers, everyone needs to look in the mirror to see if they are part of the problem. When you point a finger at somebody else their is always 3 pointing back at you. This country is facing a breakdown of the family, and the values and principles this country was founded upon. 51% of the people working are now supporting the other 49% of the population. This is not good! The cure is for people to be part of the solution, instead of being part of the problem. Too many people have champagne appetites on beer pocketbooks. Wake up!!!
  • by Steve Location: Ayden on Feb 5, 2010 at 09:44 PM
    It is amazing how big of a racist the people in the democratic party are. They are willing to overlook and fail to acknowledge how big of a failure Obama has been simply because be is black. Most logical people knew he was unprepared to be President. It has now been proven over and over again that he was not only unprepared but completely incapable of performing the job. On top of that his constant blaming of others is not only un-presidential but childish and pathetic. When people pull for Obama to fail it is because if his radical agenda fails, America will be better off. And it also guarantees we get some capable and serious leadership back in November. Everything he has touched is worse since he has been involved. The debt is higher, millions more have lost their jobs, millions more have lost their homes, we have lost more troops than ever in Afghanistan, and not only is our nation not more "liked" but now we are not respected.
  • by Anonymous military dude on Feb 5, 2010 at 07:45 PM
    Lavon, have you seen anyone here rooting for the destruction of America? No, all I see here is Americans that are trying to keep that from happening. I have spent 20 years defending this country and for you to come on here and say I want to see it destroyed is ridiculous. When you look at yourself in the mirror is when you will see someone who voted for the guy that IS destroying America, too bad even with your college education you cannot even see it. All I have seen here is people posting facts that a .3% drop in unemployment isnt as good as they make it sound. Once again Lavon they post facts.
  • by isit2012yet? on Feb 5, 2010 at 07:38 PM
    Young White Male your right..FOX news has been bad mouthing the democratic party for not doing anything.

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