Jobs report shows slow growth, lowest unemployment since 2008

BY Cindy Huang  February 7, 2014 at 4:04 PM EST

The US economy added 113,000 jobs in January, 2014.

The US economy added 113,000 jobs in January, 2014.

The jobs report for January was weaker than expected for the second month in a row, but also boasts the lowest unemployment rate since October 2008.

The U.S. economy added 113,000 jobs this month, short of the 180,000 jobs economists had predicted. The unemployment rate hit a low 6.6 percent.

“We think the employment market is improving, but will do so in fits and starts,” David Carter from Lenox Wealth Advisors told the BBC. “Today, the ugly headline number will negatively impact markets, but there are enough positive indications that ultimately the market will move higher over time.”

Despite the weak jobs report, Wall Street saw shares rising in early trading.