U.S. Employment Surges Much More Than Expected In December
(RTTNews) - A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than expected in the month of December.
The Labor Department said non-farm payroll employment surged by 256,000 jobs in December after jumping by a downwardly revised 212,000 jobs in November.
Economists had expected employment to climb by 160,000 jobs compared to the addition of 227,000 jobs originally reported for the previous month.
The report also said the unemployment rate edged down to 4.1 percent in December from 4.2 percent in November. Economists had expected the unemployment rate to come in unchanged.
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