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Surprising many economists and pundits, who were expecting a jump in January, the jobless rate fell another 4 percent to 9 percent. Nevertheless, the economy only gained a net of 36,000 jobs across the United States, not nearly enough to sustain a health recovery or bring employment levels up to regular levels.
http://www.forbes.com/feeds/ap/2011/02/04/general-financials-us-economy_8292513.html
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NEW YORK (CNNMoney.com) — Tens of thousands of low-income workers lost their jobs Thursday as a stimulus-subsidized employment program came to an end.
About a quarter of a million people in 37 states were placed in short-term jobs thanks to a $5 billion boost to the Temporary Assistance for Needy Families program, according to the Center on Budget and Policy Priorities. States used about $1 billion to provide subsidized employment, with the remaining funds going to cash grants, food programs, housing assistance and other aid.
Read full article at CNNMoney.com.
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