U.S. Gained 157,000 Jobs in January

What's Hot


2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

7 Dumb and Costly Moves Homebuyers MakeBorrow

This Free Software Brings Old Laptops Back to LifeMore

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Beware These 12 Common Money MistakesCredit & Debt

21 Restaurants Offering Free Food Right NowSaving Money

17 Ways to Have More Fun for Less MoneySave

House Hunters: Beware of These 6 Mortgage MistakesBorrow

30 Household Uses for Baby OilSave

25 Ways to Spend Less on FoodMore

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

5 Surprising Benefits of Exercising Outdoors in WinterFamily

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

The True Cost of Bad CreditCredit & Debt

10 Companies With the Best 401(k) PlansGrow

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

6 Stores With Awesome Reward ProgramsFamily

6 Ways to Save More at Lowe’s and The Home DepotSave

6 Healthful Treats for Your DogFamily

New Study Ranks the Best States in the U.S.Family

Thousands of Millionaires Moving to 1 Country — and Leaving AnotherGrow

Strapped for College Costs? How to Get the Most From FAFSABorrow

6 Overlooked Ways to Save at Chick-fil-AFamily

Ask Stacy: What’s the Fastest Way to Pay Off My Mortgage?Borrow

Where to Sell Your Stuff for Top DollarAround The House

8 Ways to Get a Good Price on a Shiny New AutoCars

Ask Stacy: How Do I Start Over?Credit & Debt

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

30 Awesome Things to Do in RetirementCollege

14 Super Smart Ways to Save on TravelSave

The Rich Prefer Modest Cars — Should You Join Them?Cars

You’ll Soon Pay More to Shop at CostcoSave

10 Ways to Save When Your Teen Starts DrivingFamily

Revised estimates also show hiring has been better than we thought over the past two years.

Friday’s monthly jobs report from the U.S. Bureau of Labor Statistics had mostly good news, even though the unemployment inched back up to 7.9 percent from 7.8 percent.

One of the major positive points was revisions to earlier data. Last year’s employment growth averaged an increase of 181,000 jobs per month, rather than the 150,000 or so previously thought. The only months revised downward were last July and August – about 27,000 jobs each – which were still over 150,000. Almost every other month was revised upward by a similar or larger margin.

Another positive: The last quarter of 2012 was particularly good, averaging over 200,000 jobs per month. (Although some of that was undoubtedly temporary work for meeting holiday demand.)

A third piece of good news is that construction is one of the major gainers recently, adding over 100,000 jobs in the past four months. That suggests continued improvement for the housing market and the overall economy. The Associated Press reports faster consumer spending (especially on cars and homes) and business investment in equipment and software is also moving things forward.

The bad news is mostly old, but sadly persistent. The employment situation survey breaks down unemployment statistics by group, and the data show unemployment continues to be higher than average among teenagers (23.4 percent), blacks (13.8 percent), and Hispanics (9.7 percent). Adult men and women have a roughly equal rate of (un)employment.

The number of long-term unemployed – out of work half a year or more – was 4.7 million, which is more than 38 percent of the total number of unemployed people.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: Considering a Fixer-Upper? 15 Ways to Avoid a Money Pit

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,975 more deals!