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Labor Department Releases January Jobs Report, Unexpected Drop

Christina Heller

Story Created: Feb 5, 2010 at 7:12 AM PDT

Story Updated: Feb 5, 2010 at 6:34 PM PDT

WASHINGTON (AP) - The jobless rate for January is 9.7 percent -- an unexpected drop from 10 percent.

The government says employers cut 20,000 jobs last month. If you don't count November's job gains, the number of jobs lost was the smallest since the recession began.

In January of a year ago, employers cut 779,000 jobs. The government says the jobless rate dropped because a survey of households found the number of employed Americans rose by more than a half million.

(Copyright 2010 by The Associated Press. All Rights Reserved.)
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