US job growth rebound less than expected; more government aid needed
- The Labor Department said on Friday nonfarm payrolls increased by 49,000 jobs last month. Data for December was revised to show 227,000 jobs lost instead of 140,000 as previously reported.
- The unemployment rate was at 6.3% in January. The jobless rate has been understated by people misclassifying themselves as being "employed but absent from work."