155K New Jobs, Unemployment Rate at 7.8%

From dshort.com - Advisor Perspectives
January 4, 2013 - 10:02am

Jan 04, 2013 Doug Short  Here is the lead paragraph from the Employment Situation Summary released this morning by the Bureau of Labor Statistics, with the bracketed text added by me:Nonfarm payroll employment rose by 155,000 in December, and the unemployment rate was unchanged at 7.8 percent [from an upward revision for November], the U.S. Bureau of Labor Statistics reported today. Employment increased in health care, food services and drinking places, construction, and manufacturing.Today's nonfarm number is higher than the briefing.com consensus, which was for 150K new nonfarm jobs.More...

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