US jobless rate falls to 4.9% despite slower January hiring


(MENAFN- AFP) The US jobs machine slowed in January with just 151,000 net new positions, but the unemployment rate eased to an eight-ear low of 4.9 percent, the Labor Department reported Friday.

The downshift pace of hiring, after averaging 271,000 new jobs over the previous two months, was fresh evidence of the US economy hitting a soft patch.


AFP

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