U.S. economy adds 227,000 jobs in January

The U.S. added 227,000 jobs in January and the unemployment rate rose just slightly, ticking up a tenth of a percentage point to 4.8 percent, according to the monthly report released Friday by the Bureau of Labor Statistics.

The robust jobs number beat most predictions from economists, who had pegged the payroll increase at 175,000, according to NPR's Yuki Noguchi.

"That was better than most of us had been forecasting or expecting," Hugh Johnson, chief economist at Hugh Johnson Advisors, told NPR's Newscast unit.

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