A report out today revealed that 157,000 jobs were created in January, but the unemployment rate actually rose to 7.9 percent. Take the average of the two, and it looks like more of the same: slow, but steady, growth.
According to a new report, January layoffs were up 24 percent from December but down 24 percent from the previous year, which could indicate relatively low unemployment rates for the month. The Bureau of Labor Statistics is scheduled to release the latest unemployment numbers on Friday.
The Federal Reserve has spelled out what it’s going to do to try to juice up the economy. Yesterday, Fed Chairman Ben Bernanke announced a new strategy that ties the Fed’s actions to unemployment and inflation rates.