Unemployment Rate at Three-Year Low According to Labor Department

February 3, 2012 Updated Feb 3, 2012 at 12:13 PM EDT

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Unemployment Rate at Three-Year Low According to Labor Department

February 3, 2012 Updated Feb 3, 2012 at 12:13 PM EDT

According to a report from Reuters, data released by the U.S. Department of Labor on Friday shows that the nation's unemployment rate in January dropped to 8.3 percent -- the lowest mark in three  years

The Labor Department also reported that 243,000 jobs were added in January, according to Reuters.

Read the Reuters report HERE.