Unemployment falls in US to 8.3%
3 February 2012 Last updated at 17:39 GMT
Unemployment in the United States has fallen to 8.3%, raising hopes for further economic recovery. It is the lowest jobless rate for 3 years.
Official figures show an increase of nearly a quarter of a million in the number of jobs created last month, more than predicted by analysts.
Speaking from a fire station in Arlington, Virginia, President Obama announced the increase in employment rates but said there was no room for complacency.