67°
Baton Rouge, Louisiana
3 Day Outlook
Sat
93°
70°
0%
Sun
93°
70°
0%
Mon
91°
71°
10%

Latest Weather Blog

Follow our weather team on social media

US economy adds 155K jobs, rate stays at 7.8 pct.

2 years ago January 04, 2013 Jan 4, 2013 Friday, January 04 2013 Friday, January 04, 2013 5:56:12 AM CST in News
Source: Associated Press

WASHINGTON - U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during tense fiscal cliff negotiations in Washington.

The Labor Department says the unemployment rate stayed at 7.8 percent last month. November's rate was revised higher from an initially reported 7.7 percent.

Robust hiring in manufacturing and construction fueled the gains. Construction added 30,000 jobs, the most in 15 months. That likely reflects additional hiring needed to rebuild after Superstorm Sandy and also solid gains in home building that have contributed to a housing recovery.

Manufacturing gained 25,000, the most in nine months.

Even with the gains, hiring is far from accelerating. Employers added an average of 153,000 jobs a month last year, matching the monthly average in 2011.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days