December Unemployment Lowest In Three Years
The unemployment rate is down to 8.5%, with 200,000 jobs added.
It was an even stronger finish to the year than economists had forecast. They had forecast that employers added a net 150,000 jobs last month, according to a survey by Factset. They also had predicted that the unemployment rate ticked up to 8.7% from November’s 8.6%, which was the lowest rate since March 2009.
As it turned out, November’s unemployment rate was revised up in this report, to 8.7%.
The better-than-expected monthly gain of 219,000 private-sector jobs means American businesses have replaced more than 3 million of the 4.2 million private-sector jobs lost the past 13 months.Click here for reuse options!
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