Nonfarm payrolls fell by 85,000 in December, compared with a revised 4,000 gain in November. Economists had expected a payroll decrease of just 10,000. The November figure originally showed an 11,000 drop in payrolls. The December unemployment rate remained at 10.0%.
via blogs.wsj.com
PardonMyFrench - This is terrible news. I thought or HOPEd that the job market had started to turn around, but payrolls fall even with temporary help from retail. Sadly Obama's Stimulus package has done nothing to stimulate job growth and companies that he bailed out are seeing their stock rise without employment gains. Awful
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