Friday, January 7, 2011

U.S. Added 103,000 Jobs Last Month - Rate Fell to 9.4% - NYTimes.com


U.S. Added 103,000 Jobs Last Month - Rate Fell to 9.4% - NYTimes.com: "The United States economy ended the year by adding 103,000 jobs in December, the Labor Department said Friday, a number that missed expectations and suggested that job growth could continue to hinder a recovery.

In addition, the unemployment rate fell to 9.4 percent last month from 9.8 percent, its lowest rate since July 2009, in part because many American gave up looking for work.

The agency also revised estimates from the two earlier months, now saying that 210,000 jobs were created in October instead of 172,000, and 71,000 in November, instead of 39,000.

As with previous months, all of December’s gain — 113,000 jobs — came from private employers."

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