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January’s jobs report is welcome news for the president.

The unemployment rate dropped 0.2 percentage points to 8.3 percent; 243,000 new nonfarm jobs were created in the past month.

More important than the numbers is the trend: It’s the seventh-straight month of job growth over 100,000, as well as a marked increase from December when the economy added 200,000 jobs. It’s also the fifth straight month in which the unemployment rate dropped, and the lowest rate in nearly three years.

Below the top-line numbers were other encouraging signs: Hiring was widespread across many high-paying industries, pay increased, and 2011 numbers were revised upward.

– January jobs report is good news for Obama (via ryking) Via Liberals Are Cool
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