Tuesday, May 21, 2013

Latest local news, weather and high school sports for Myrtle Beach and Florence

Employers add 243,000 jobs, national unemployment falls to 8.3 percent
Posted: 02.03.2012 at 10:09 AM
0
Photo

(AP) -- The unemployment rate is now at its lowest level in three years, 8.3 percent.

The latest decline -- the fifth one in five months -- comes after employers added 243,000 jobs in January, far more than economists expected. It's the most impressive surge for the job market since the middle of the last decade.

There was increased hiring across the economy, and up and down the pay scale. The high-salary professional services industry added 70,000 jobs, the most in 10 months. Manufacturing saw an increase of 50,000 jobs, the most in a year. Even the struggling construction industry added 21,000 jobs, its second month of strong gains.

The January jobs report also reveals that the economy added 200,000 more jobs in 2011 than first thought.

But even with the gains, the job market faces a long way back to full health. The nation has about 5.6 million fewer jobs than it did when the recession began in late 2007.

(Copyright ©2012 by The Associated Press. All Rights Reserved.)

Popular Stories
Thumbnail
Horry County Police: woman shot and killed in Little River
Crystal Costa  |  Yesterday at 11:20 PM
Thumbnail
Woman admits to stealing $350,000 from law firm
Tonya Brown  |  Yesterday at 12:25 PM  |  2 comments
Thumbnail
Mother whose children died in fire asks for bond
Tonya Brown  |  Yesterday at 6:30 PM  |  1 comment
Follow Carolina Live
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Arbor One SCISA Spotlight
Click here to see the most recent SCISA spotlight
Looking to set a tee time in Myrtle Beach?
Click here to check tee time availability and set a time
Win $500 here
Click here to see how you can win $500
Click here to get the Mobile App
Click here to get the Mobile App
ADVERTISEMENT