Unemployment holds steady in December

The U.S. unemployment rate remained unchanged at 7.8 percent in December as U.S. employers added 155,000 jobs, according to The Washington Post. November's unemployment rate was revised from 7.7 percent to 7.8 percent. Analysts had predicted 150,000 to 160,000 jobs would be added in December.

The December job gains mainly were fueled by hiring in manufacturing and construction. The construction sector added 30,000 jobs, and the manufacturing sector added 25,000 jobs.

Additionally, the health care sector added 45,000 jobs, and the food services sector added 38,000 jobs. The mining, transportation and warehousing, professional and business services, financial services, government and retail sectors basically were unchanged.

The job market added an average of 153,000 jobs per month during 2012. There currently are 12.2 million unemployed people in the U.S.

Date : 1/4/2013


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