revisionist
146,000 jobs added in Jan.; Q4 payrolls revised lower
From wire reports
WASHINGTON — Employers added 146,000 new jobs in January and hiring in the previous three months was revised lower, the government said on Friday in an unexpectedly weak report on the job market, but a drop in job-seekers pushed the unemployment rate to its lowest level in three years.
The 146,000 gain in payrolls in January — while the most since October — still fell short of economists' forecasts for a more robust gain of about 200,000 for the month.
January's increase in hiring came after a downwardly revised 133,000 gain in December. The Labor Department also cut its estimate of jobs created in October and November, trimming a total of 59,000 jobs over the fourth quarter of 2004