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Unemployment Holds at 7.8%
Friday, January 4, 2013    
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Average hiring in 2012 unchanged 2011 numbers

(NEWSER) – Today's jobs numbers fell just slightly below the expectations of economists: 155,000 jobs were added last month, when 160,000 had been expected, the Wall Street Journal reports. The unemployment rate held steady at 7.8%; last month's initial rate of 7.7% was revised upward. Some observations from the AP:

  • Though jobs numbers were below expectations, the "steady gain" proves that hiring continued even during the fiscal cliff negotiations in DC. But the average number of jobs added monthly in 2012—153,000—was no higher than that of 2011.

Read more: Newser
 
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