Jobless Rate Still at 7.2 Percent - The Missourian: News

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Jobless Rate Still at 7.2 Percent

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Posted: Saturday, January 5, 2013 6:00 am

U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during the tense negotiations to resolve the fiscal cliff, the AP reported.

The solid job growth wasn’t enough to reduce the unemployment rate, which remained 7.8 percent last month, the Labor Department said Friday. The rate for November was revised up from an initially reported 7.7 percent.

Each January, the government updates the monthly unemployment rates for the previous five years. The rates for most months don’t change.

The government said hiring was stronger in November than it first estimated. November’s job increases were revised up 15,000 to 161,000. October’s increase was nearly unchanged at 137,000.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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