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Unemployment Rate Falls to 9 Percent in January

Posted on 2/7/2011

The nation's unemployment rate dropped to 9 percent in January from 9.4 percent in December, the Labor Department reported Friday. There was a net gain of only 36,000 jobs. The report offered a conflicting picture on hiring. Unemployment fell because the Labor Department's household survey determined that more than a half-million people without jobs found work. But the department conducts a separate survey of businesses, which showed the tepid job creation. The two surveys sometimes diverge.

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