December Unemployment Rate Falls as 200K Jobs Added

The unemployment rate unexpectedly fell in December to 8.5 percent, the lowest since February 2009, as the economy added a robust 200,000 jobs, the U.S. Labor Department reported Friday. "This is a strong jobs report, relative to what we have seen in the past few years," Stephen Bronars, senior economist with Welch Consulting. However, he said a 200,000 increase in jobs is still far less than what is needed to get the labor market back to pre-recession levels. The unemployment rate, which...Full Story
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