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U.S. Jobless Rate Falls to Three-Year Low, Report Shows

New York Times (02/03/12) Motoko Rich

The U.S. economy added 243,000 jobs in January, gaining momentum with a second straight month of better-than-expected gains, the U.S. Labor Department reported Friday. The unemployment rate slipped to 8.3%. The private sector remained the engine of new job gains, with private sector companies adding 257,000 jobs in January. Manufacturing, professional and business services, and leisure and hospitality were the industries with the biggest increases.