Employers stepped up hiring in January, boosting payrolls by 193,000 and lowering the nation's unemployment rate to 4.7 percent, the lowest since July 2001.
The fresh snapshot of the jobs climate, released by the Labor Department on Friday, suggested that the economy started the new year on fairly good footing.
I think "full employment" has traditionally been defined as 5%. Granted, data can be a bit deceiving, but this is very welcome news.
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