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U.S. economy added 113,000 jobs in January. This growth number is below average, but dropped the unemployment rate 10 basis points to a recovery low of 6.6 percent. In a bright spot, unemployment for high school and college graduates is lower, however labor-force participation in this key demographic is still suppressed. Total unemployment sits at 12.7 percent, above historic norms but an improvement from December’s 13.1.
See details on the data, including demographic, geographic and industry breakdowns, in this report featuring research from the Bureau of Labor Statistics and Jones Lang LaSalle.