Jobless Rate Drops for Fourth Straight Month

2012 is off to a pleasant start with the latest round of economic news.

The unemployment rate fell again last month for the fourth straight month as employers increased their hiring.

According to a new Labor Department report, the economy added 200,000 jobs in December, which is double what it did in November.
The extra jobs bring the unemployment rate to 8.5%, its lowest level since February 2009.

Throughout 2011, the job market gained 1.6 million jobs.


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