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February 3, 2012 9:56 am

U.S. Economy Hits 3 Year Low Jobless Rate

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Vice President Joe Biden and President Barack Obama. Photo: wiki commons.

NY Times – The United States economy gained momentum in January, adding 243,000 jobs, the second straight month of better-than-expected gains.

The unemployment rate fell to 8.3 percent, giving a cause for optimism as the economy shapes up as the central issue in the presidential election. The Labor Department’s monthly snapshot of the jobs market uses a different survey, of households rather than employers, to calculate the unemployment rate.

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