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twitterJobless rate drops as some leave labor force
Friday, Feb. 1, 2002 | 9:54 a.m.
WASHINGTON -- The nation's unemployment rate unexpectedly dropped to 5.6 percent in January, but the improvement came because nearly 1 million disappointed jobseekers stopped looking for work.
A Labor Department report today showed that the 0.2 percentage point drop in the unemployment rate occurred not because employment went up but because 924,000 job seekers gave up looking for work.
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