beach_and_pier_-_2200x270_-_with_npr_and_cal_lu_1.jpg
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Economy

January Unemployment Rate Falls

The unemployment rate falls to 5.7 percent in January, a drop of 0.3 percent. The improvement is tied to hiring in the retail sector, but the surge was a bit misleading. Restaurants and other retailers hired fewer people than usual in December, and that threw January's numbers off. NPR's Jim Zarroli reports.

Copyright 2003 NPR