Private sector payrolls and jobs are up

Net nonfarm payrolls added 257,000 jobs in January and private sector jobs are 2 percent above the level seen a year ago. 

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    This chart shows total private nonfarm payrolls from 2001 to 2011. Totals are rising again after hitting bottom in 2009.
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Today’s Employment Situation Report indicated that in January, net nonfarm payrolls increased with private nonfarm payrolls adding 257,000 jobs and the unemployment rate declining to 8.3% over the same period.

Net private sector jobs increased 0.23% since last month climbing 2.06% above the level seen a year ago but but remained a whopping 4.47% below the peak level of employment seen in December 2007.

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