BUSINESS

Employers created 210,000 jobs last month, unemployment rate unchanged at 8.3 per cent

03/09/2012 08:33 EST | Updated 05/09/2012 05:12 EDT
WASHINGTON - U.S. employers added 227,000 jobs in January to complete three of the best months of hiring since the recession began. The unemployment rate was unchanged, largely because more people streamed into the work force.

The Labor Department said Friday that the unemployment rate stayed at 8.3 per cent last month, the lowest in three years.

And hiring in January and December was better than first thought. The government revised those figures to show 61,000 an additional jobs.

The economy has now generated an average of 245,000 jobs in the past three months. The only stretch better was since the recession began was in early 2010, when temporary Census jobs lifted payrolls.

The President Barack Obama's re-election chances, although he's still likely to face the highest unemployment rate of any post-war president.