WASHINGTON (Reuters) - The U.S. economy created just 112,000 new jobs in January, far fewer than expected, government data showed on Friday, in a disappointing report that will weigh on President Bush's re-election campaign. The fifth straight monthly gain in non-farm payrolls followed a revised increase of 16,000 new jobs in December, the Labor Department said. The unemployment rate ticked down to 5.6 percent, the lowest since January 2002, from 5.7 percent the previous month - but those numbers are taken from a separate, smaller, survey.
Analysts had been expecting the improving economy to create 150,000 new jobs in January
At the rate we're going, the jobless rate will be 4.9% by November -- then we'll really be DOOMED! ;-)
The U.S. economy created just 112,000 new jobs in January, far fewer than expected, government data showed on Friday, in a disappointing report that will weigh on President Bush's re-election campaign.
Wow are you right! Four negatives in just the first sentence!