Nation adds 200,000 jobs in December hiring surge

 

Published: January 6, 2012

WASHINGTON (AP) — Four painful years after the Great Recession struck and wiped out 8.7 million jobs, the United States may finally be in an elusive pattern known as a virtuous cycle — an escalating loop of hiring and spending.

The nation added 200,000 jobs in December in a burst of hiring that drove the unemployment rate down two notches to 8.5 percent, its lowest in almost three years, and led economists to ...


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