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Jobs Report Beats Expectations, But Oil Work Falters05:21

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This morning, the Labor Department released its jobs report for January, and it showed employers created 257,000 new paychecks. Most economists had been predicting about 230,000 additional jobs for the month.

The unemployment rate inched higher to 5.7 percent. But here’s what really caught the eye of economists: This latest report shows how last year’s dramatic plunge in oil prices is now hitting the labor market.

After years of hiring as fast as possible, energy companies have started laying off workers. NPR's Marilyn Geewax joins Here & Now's Peter O'Dowd with details.


This segment aired on February 6, 2015.

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