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US economy adds 74K jobs; rate falls to 6.7 pct.



Published: Fri, January 10, 2014 @ 10:12 a.m.

US economy adds 74K jobs; rate falls to 6.7 pct.

WASHINGTON (AP) — U.S. employers added a scant 74,000 jobs in December, the fewest in three years. The disappointing figure ends 2013 on a weak note and raises questions about whether the job market can sustain its recent gains. The Labor Department said today that the unemployment rate fell from 7 percent in November to 6.7 percent, the lowest level since October 2008. But the drop occurred mostly because many Americans stopped looking for jobs. Once people without jobs stop looking for one, the government no longer counts them as unemployed.


Comments

1AtownAugie(706 comments)posted 10 months, 2 weeks ago

According to CNN: "Only 62.8% of the adult population is participating in the labor market now -- meaning they either have a job or are looking for one. That matches the lowest level since 1978." (Hmmm, lemme see, just who was president then? Oh yeah: Jimmy Carter, Barry's role model for economics. But, even after five years in office, it's still Bush's fault.)

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2dontbeafool(1031 comments)posted 10 months, 2 weeks ago

very nice comment, coming from a guy who doesn't have a job.

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376Ytown(1262 comments)posted 10 months, 2 weeks ago

What do the numbers really tell you.

http://www.bls.gov/news.release/empsi...

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