U.S. economy gained 157,000 jobs in January

02/1/2013 | Washington Post, The · Wall Street Journal, The

The U.S. economy added 157,000 jobs last month, but the overall unemployment rate still ticked up a tenth of a percentage point to 7.9%, according to the latest Labor Department data. Both figures were slightly worse than economists had expected, but still represent a pretty solid start to the year, writes Neil Irwin. "Add it all up, and the economy seems to be holding up handily at the start of 2013, suggesting no major lingering effects from tense fiscal cliff negotiations," he adds.

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Washington Post, The · Wall Street Journal, The