Month: February 2013

BLS Misses, Unemployment Rate Rises

SPY This morning’s BLS report was a bit of a mixed bag. The headline showed the U.S. adding 157,000 jobs in January, which were roughly 6,000 less jobs than consensus estimates. The unemployment rate ticked up to 7.9% in January from 7.8% in December with no change in the participation rate (it held steady at BLS Misses, Unemployment Rate Rises