WASHINGTON. U.S. unemployment rate dropped sharply. United States Department of Labor reported that unemployment fell to its lowest level since April 2009. January unemployment rate dropped to 9% from 9.4% in December.
However, a surprising fact, the number of job vacancies available in January only 36,000. This is the lowest rate in four months. Compare last December there were as many as 121,000 new jobs. "The snow hit jobs, but jobs are now starting to grow," said Jefferies & Co. Chief Economist. Ward McCarthy.
Employment in construction and transportation are most affected by bad weather. Field work fell 32,000 while the transportation sector fell 38,000.
While the number of factory jobs grew most rapidly since August 1998. During January, the number of jobs in factories rose 49,000.
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