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December hiring wave lowers U.S. jobless rate to 8.5%

Jobless Rate

A burst of hiring in December pushed the U.S. 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

Senh: If jobless rates continues to improve, then the Republicans can't it against Barack Obama anymore.

 

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