Unemployment Rate Fell to 6.3 Percent in January

The U.S. unemployment rate dropped to 6.3 percent in January from 6.7 percent the month prior, beating expectations, according to the U.S. Department of Labor’s monthly jobs report.

The economy added more jobs than it lost in January, with an increase of 49,000. However, the growth missed economists’ predictions of 105,000 jobs added.

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