Originally published on Fri February 3, 2012 6:41 am
The nation's unemployment rate dipped to 8.3 percent in January from 8.5 percent the month before as private employers added 257,000 jobs to their payrolls, the Bureau of Labor Statistics just reported. Overall, after a small drop at government agencies, employment grew by 243,000.
We'll add more from the report momentarily.
Update at 9:40 a.m. ET. White House, Republican Reactions:
Originally published on Fri February 3, 2012 5:23 am
The news from Egypt is grim again today:
-- "At least two people have been shot and killed in the Egyptian city of Suez, as police used live rounds to hold back crowds during a protest over security forces' failure to prevent a deadly football riot," al-Jazeera reports. And it adds that "one person was killed in Cairo just feet away from the Interior Ministry, as police in Cairo set off salvos of tear gas and fired birdshot."
Saying he is "completely puzzled by the notion that there was something immoral that went on here," the man at the top of the agency that regulates Freddie Mac has explained why he believes the taxpayer-owned mortgage company did nothing wrong when one of its arms, as NPR and ProPublica have reported, "placed multibillion-dollar bets against American homeowners being able to refinance to cheaper mortgages."