In its jobs report for the month of January, the Labor Department made major revisions to its numbers for the months of November and December, revealing even stronger job growth at the end of the year than previously thought.
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.