Jobs Report for January 2012The butt of many jokes and a lot of stress in the recent past has been the economy and the unemployment rate.  It was feared we were beginning to slip in our own “great depression” for a moment there.  Good’ole American ingenuity pulled through though!  Now yes we’re still in a slump when you compare the economy to the moments before the recession hit.  You can’t fail to recognize the good news we’ve been receiving on a consistent basis though.  The most recent jobs report from January 2012 was the bearer of even more good news for the economy and those looking for jobs.

Employers in the month of January ramped up their hiring in the month of January.  With all the hiring, employers were able to bring the unemployment rate down for a fifth straight month.  Something a few economists weren’t predicting as hiring always ramps up for the holiday seasons but once January roles around, seasonal help is let go and things slow down.  That didn’t happen this year though.  Not only were 243,000 jobs added in January but that number is actually higher than the month of this past December, which saw 203,000 jobs added.  That’s some great news for the economy and us.  The private sector actually saw a significant gain in hiring as well as they added a total of 257,000 jobs in January alone.

With all these jobs we saw the unemployment rate drop down to 8.3 percent which yes, is still a high number, but it’s still the lowest we have seen since February 2009.  Economists had actually forecasted only 130,000 jobs would be gained in January while they also predicted unemployment to rise up to 8.6 percent.  It’s good day when you saw thank goodness the experts were completely wrong.

When the economy is at its low points, you see lower rates towards refinancing options and when you see the economy ramp up in power.  That’s when those rates begin to climb back up.  So for anyone who is looking to refinance or would even like some information about refinancing; call 1-800-555-2098 or fill out the email form found below.

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