Net jobs up 166,000 in December

The American economy gained 256,000 jobs last month. We need 90,000 new jobs just to keep up with population growth, which means that net job growth clocked in at 166,000 jobs. The headline unemployment rate dropped slightly to 4.1%.

There were no gotchas in the December report. Employment was up and unemployment was down. It was a very solid holiday season.

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Author Of article : Kevin Drum

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