January Unemployment Rate Falls

NBC News -- The number of Americans finding new jobs in January was just a bit more than 100,000, much lower than some economists expected.

The disappointing news on jobs came as President Obama went to Michigan, a state still stuck in recession.

He put on a positive spin.

"Companies across the country are saying they intend to hire even more folks in the months ahead. that's why I think this can be a breakthrough year for America," Mr. Obama said.

Jobs were added in construction, business services and manufacturing, but lost in retail and government.

The unemployment rate was 6.6% in January, as 10 million Americans were counted as unemployed. Overall, the unemployment rate has improved substantially since it peaked at 10% in 2009 and is now at its lowest level in more than five years.

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