The jobs recovery continued to crawl forward at a slow pace in January, and there's
little hope it will pick up any time soon.
The U.S. economy added 157,000 jobs in January, according to a Labor Department report
released Friday. That's slower growth than in December, when employers hired 196,000 workers.
Call it "Groundhog Day in the labor market," said Heidi Shierholz, economist with the Economic Policy Institute. "It's the same old crap. We've been waking up to this same story for two years."
The unemployment rate was 7.9% in January, as 12.3 million people were counted as unemployed. Overall, hiring is barely keeping pace with population growth, and the Labor Department noted that the unemployment rate has barely changed since September.
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