Jobless Rate Down to 9.4 Percent, Lowest Since May 2009

The U.S. economy added a disappointing 103,000 jobs last month, but still enough to push the jobless rate down to a 19-month low of 9.4 percent, the Department of Labor reported this morning. Many economists had predicted at least 150,000 new jobs for December. The lower unemployment rate reflected both the new hires and people who dropped out of the job search. "It's a bit of a mixed bag," Ryan Sweet, an economist at Moody's Analytics, told the Associated Press. "Many analysts hoped to see...Full Story
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