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01.02.2013, 14:05

U.S. employment increases by less than expected in January


Employment in the U.S. increased by slightly less than expected in the month of January, according to a report released by the Labor Department on Friday, although the report also showed notable upward revisions to the job growth in previous months.

The report showed that non-farm payroll employment increased by 157,000 jobs in January following an upwardly revised increase of 196,000 jobs in December.

Economists had been expecting employment to increase by about 165,000 jobs compared to the addition of 155,000 jobs originally reported for the previous month.

Despite the continued job growth, the unemployment rate unexpectedly edged up to 7.9 percent in January from 7.8 percent in December. The increase surprised economists, who had expected to unemployment rate to dip to 7.7 percent.

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