Job creation? The target is 300,000/mo, but this is a good start.

Jobless Rate Drops; 112,000 Jobs Added


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Feb 6, 12:17 PM (ET)

By LEIGH STROPE

(AP) The nation's unemployment rate dropped to 5.6 percent in January to the lowest level in more than...
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WASHINGTON (AP) - The nation's unemployment rate dropped to 5.6 percent in January to the lowest level in more than two years as companies added just 112,000 new jobs - fewer than expected but enough to keep alive hope for a turnaround in the struggling job market.

The jobless rate fell 0.1 percentage point last month to the lowest level since October 2001, when it was 5.4 percent, the Labor Department said Friday. January's rate matched the 5.6 percent posted in January 2002.

Employers added new jobs last month at a pace not seen in three years. The last time payrolls expanded more than 112,000 was in December 2000, when companies added 124,000 positions.