Hiring up, unemployment down. Both trends continue for the fifth straight month after economists expected the opposite result. The unemployment rate is now at 8.3%, the lowest it’s been since February 2009, as the private sector has added 243,000 jobs in the month of January. This continues improvement from December which saw 203,000 jobs added. Economists surveyed by CNNMoney had… Read more →
Tag Archive for December
December 2011 Jobs Report: Unemployment rate goes down with hiring going up in December
The unemployment rate has now reached 8.5%, its lowest since February 2009. Hiring in December, as should be expected, went up as employers hired 200,000 employees. While the private sector added 212,000 jobs the public sector cut 12,000 as government has been trying to lower payroll. 1.6 million total jobs were added in 2011 which is a significant increase from… Read more →