Jobs report: Here are some interesting facts from the payroll report for January which looks back and revises the previous year.
The drop in payrolls marked a significant deterioration in employment conditions. In December, employers added 82,000 new jobs. January's decline was the first since August 2003, when the labor market was still struggling to recover from the 2001 recession.
The government on Friday also released annual revisions -- based on more complete information -- to its payroll data. Those revisions showed job creation was even weaker last year than initially thought.
The economy added an average of just 95,000 jobs per month in 2007, versus an earlier estimate of 111,000 a month for the year. In 2006, payroll employment grew by an average of 175,000 a month.
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