Unemployment rate drops to 8.3 percent

Debt collection is one of the more difficult sectors to achieve success during a recession, unlike other consistent industries such as education, food and communications. However, the unemployment rate over the past seven months has declined and while the road to fiscal recovery is only on its heels, experts believe this trend could continue in the near future. According to the United States Department of Labor, employers added 243,000 jobs in January, following an addition of 203,000 jobs in December. In the process, the unemployment rate fell to 8.3 percent, a drop of 0.8 percent since last July. "To show the economy adding this kind of jobs number in a January is amazing," Kathy Kane, senior vice president of the talent department at Adecco Group North America, told CNN.  "As we talk to clients, they're very optimistic about continuing to hold jobs throughout the year but also to increase jobs." As the economy grows and consumers gain more opportunities for work, outstanding debt rates should decline and collection rates may increase.