Company News

U.S. Economy Added 103,000 Jobs in December

Below estimates, but still cuts jobless rate.

Author Image

By: TOM BRANNA

Editor

The U.S. economy added 103,000 jobs in December. That figure is below the 150,000 expected, yet the jobless rate fell from 9.8% to 9.4%, the lowest level since May 2009. While businesses were hiring, adding 113,000 jobs to payrolls in the month, the government continued to shed staff, cutting 10,000 workers from payrolls. But the two previous months were better than originally thought. November was revised up to 71,000, while October was revised to 210,000, adding a combined 70,000 ...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters