Dollar climbs as jobless rate falls to 9 percent
NEW YORK — The dollar is climbing after a government report said the U.S. unemployment rate fell to 9 percent in January, the lowest level since April 2009.
The positive news on jobs follows a string of other economic reports suggesting that the U.S. economy is strengthening.
In morning trading in New York, the euro is falling to $1.3585 from $1.3639, while the British pound drops to $1.6078 from $1.6148. The dollar is rising to 81.74 Japanese yen from 81.63 yen.
The dollar is getting a big boost, even though the report is mixed. It shows the economy added only 36,000 jobs in January — the smallest amount in four months — likely because of harsh winter weather.
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