U.S. job market shrugs off fears of ‘fiscal cliff’

But jobless rate still at 7.8 percent

WASHINGTON (AP) – The U.S. job market proved resilient in December despite fears that a budget impasse in Washington would send the economy over the fiscal cliff and trigger growth-killing tax hikes and spending cuts.

Employers added 155,000 jobs last month, roughly matching the solid but unspectacular monthly pace of the past 2 years.

The gains announced Friday weren’t enough to reduce unemployment, which remained a still-high 7.8 percent. The November rate was revised up a notch from the 7.7 percent the government had originally reported.

Story Archived

Only the most recent 7 days of articles are available for free. For articles older than 7 days there is a small fee for retrieval from our archive. If you are a registered member of the site, the content is free just by signing in below.

Please sign in with your Comment Member ID and password.

Did you purchase access?

Member ID:
Password:
Forgot Your Password?
Register to comment.

Purchase Access
To allow for flexibility, we offer a variety of options for purchasing articles:
Purchase options


Having trouble?

If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com

Blogs

» Extra! Extra! - A blog by Chris Heimerman
Extra! Extra! - A blog by Chris Heimerman

Knowledge is power, right?

Bryan Frederick is a Lifestyle Medicine Instructor at CGH Medical Center, and he's got me thinking and re-thinking my approach to weight loss.
» Out Here
Out Here

Why the need for middleman?

The other day, we ran a story about the Dixon Tourism Board's website, which is hard to navigate and missing key information, particularly about the Petunia Festival. Are we wasting our time examining local tourism websites?

Reader Poll

Have you ever gone boating on the Rock River?

Yes
No