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U.S. payrolls rise 157,000; jobless rate rises to 7.9%

By Bloomberg News

This article was originally published February 1, 2013 at 7:41 a.m. Updated February 1, 2013 at 7:49 a.m.

— The U.S. unemployment rate rose to 7.9 percent in January, from 7.8 percent in December, the Labor Department reported Friday.

Employers added 157,000 jobs in January, and hiring was stronger at the end of 2012 than previously thought, a sign to economists that the job market held steady even as economic growth stalled.

The jobs report pushed stocks upward Friday as traders focused on the positive. The Dow Jones industrial average briefly rose above 14,000 after 9 a.m., passing the 14,000 mark for the first time in more than five years.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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FreeSpiritMan says... February 1, 2013 at 10:02 a.m.

The Dow Jones blue-chip average is roaring higher this morning, hitting the 14,000 mark for the first time since 2007, and coming within less than 200 points of its all-time record high. Stay tuned to Fox News Channel and Fox Business Network for the latest market news.

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