Market Environment
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February 16, 2012

January 2012 Market Environment

U.S. Economy

The unemployment rate fell by 0.2% in January to 8.3%, its lowest rate since February 2009. The total number of unemployed persons in January decreased to 12.8M. The number of long-term unemployed, currently at 5.5M, accounts for 43% of total unemployment with the average duration of unemployment lasting 40.1 weeks. The labor force participation rate and employment to population ratio both decreased by 0.3% in January. The non-farm payroll, the net number of non-farm jobs added or subtracted per month, added 243K jobs in January while private-sector employment added 257K jobs. Employment gains for January were largest in professional and business services (70K), manufacturing (50K), leisure and hospitality (44K), and health care (31K). Non-farm payroll employment for November and December were revised upward to show 60K additional job gains.

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