1/07/2012

Not A Typical Story : Unemployment Rate Falls To Lowest In 3 Years

U.S. : A burst of hiring in December pushed unemployment rate to its lowest level in nearly three years, giving the economy a boost at the end of 2011.

The Labor Department said Friday that employers added a net 200,000 jobs last month and the unemployment rate fell to 8.5 percent, the lowest since February 2009. The rate has dropped for four straight months.

For all of 2011, the economy added 1.6 million jobs, better than the 940,000 added in 2010. The unemployment rate averaged 8.9 percent last year, down from 9.6 percent the previous year. Economists hope that the job gains will top 2.1 million this year.

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