The Associated Press: Unemployment drops to 8.3 pct. after hiring burst: "WASHINGTON (AP) — In the most impressive surge for the job market since early last year, the United States added 243,000 jobs in January, far more than economists expected. The unemployment rate dropped to 8.3 percent, the lowest in three years.
Hiring accelerated across the economy and up and down the pay scale. The high-salary professional services industry added 70,000 jobs, the most in 10 months. Manufacturing added 50,000, the most in a year.
"This is a very positive employment report from almost any angle," said Brian Bethune, an economics professor at Amherst College.
The report could enhance President Barack Obama's hopes for re-election, which is turning on the health of the economy. The unemployment rate is the lowest since February 2009, one month after Obama took office."
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