Unemployment edges up to 7.9 percent as economy adds 157,000 jobs
The unemployment rate edged up slightly to 7.9 percent in January as the economy added 157,000 jobs in the month.
The US economy added 162,000 jobs last month while the unemployment rate remained steady at 9.7 percent, the US Labor Department reported this morning, adding evidence that the recovery from the tailspin set off by the economic crisis is well under way.