Economy Adds Robust 312K Jobs In December, Unemployment Ticks Up

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The U.S. economy added a robust 312,000 jobs in December as the labor market continues to expand even as worries grow about an economic slowdown and turbulent stock markets.

The unemployment rate ticked up to 3.9 percent from 3.7 percent, the Labor Department reported on Friday. Economists had expected only 182,000 jobs to be added last month. Employment gains in October and November combined were 58,000 more than previously reported.

The economy has added jobs for 98 straight months, beginning in October 2010 under former President Obama. It is the longest streak of monthly jobs growth on record.

Read more at The Hill.

{Matzav.com}

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