That is the lowest in five years. Anthony mason has been looking into what all this means. Reporter construction was the biggest job creator in january, 48,000 of them added. In florida, contractor ed elwell says his family Construction Business is surging and builders are hiring. Its obvious to me by virtue of the fact that its hard to get labor right now. In other words, Skilled Labor for the trades tha and thats generally an indication that work is out there. Reporter but nationally the latest job numbers were a disappointment and two months of brutal weather may have been a factor. After heading steadily higher in the last half of last year, hitting. 27 4,000 in november, job creation dropped sharply in december and january. Is this a trend, do you think . I dont think its a trend because its not corroborated by anything else were looking at. Reporter morry harris, chief economist with u. B. S. Says weekly unemployment claims have been dropping while Economic Growth has been pickin
Past few months or even a year, it is anything but robust. The president finally apologizes for all those americans losing their Health Insurance despite his promise, but of course he hedged it, a lot. The day after the twitter ipo, jumping in the stock yesterday, so there is nowhere for the stock to go but down. Only one way for us to go here on Varney Company, and we are about to begin. When we made our commitment to the gulf, bp had two big goals help the gulf recover and learn from what happened so we could be i n tell you safety is atfer the heart of everything we do. Weve added cuttingedge technology, like a new deepwater well cap and a stateoftheart monitoring center, whe experts watch over all drilling activity twentyfourseven. And were sharing what weve learned, we n all produce energy more safely. Our commitment has never been stronger. Charles yes, were going to get to that jobs report, but first this from president obama. The other big headline for the morning and it is har
Pelley good evening. This is our west earn edition. Were going to start with the good news in todays job report. The Unemployment Rate is down and for the right reason more people are finding work. The bad news is job creation is slowing sharply raising concerns about the economic recovery. The economy added only 113,000 jobs last month, that was well below expectations. At the same time, though, the Unemployment Rate dropped a tenth of a point to 6. 6 and that is the lowest in five years. Anthony mason has been looking into what all this means. Reporter construction was the biggest job creator in january, 48,000 of them added. In florida, contractor ed elwell says his family Construction Business is surging and builders are hiring. Its obvious to me by virtue of the fact that its hard to get labor right now. In other words, Skilled Labor for the trades that we need and thats generally an indication that work is out there. Reporter but nationally the latest job numbers were a disappoin