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Date: | Fri, 6 Jan 2012 09:12:44 -0600 |
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The U.S. added 200,000 jobs in December, which dropped the
unemployment rate from 8.6. to 8.5 percent, according to the
Department of Labor. It was the sixth straight month that the economy
added more than 100,000 jobs, a good sign that the U.S. is finally
getting out of it's long economic slump.
"This is the real thing,” Ian Shepherdson of High Frequency Economics
told The New York Times. “This is finally the economy throwing off the
shackles of the credit crunch.” A big component of this growth has
been the renaissance in manufacturing the last two years, no small
shock to those who have been watching the economy for the past decade.
Until last year, manufacturing job growth had been stagnant since
1997.
--The Balance Sheet
--
-Laye
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