Saturday, January 06, 2007

Forex News: 05.01.2007 U.S. December payrolls rose to 167,000

Nonfarm payrolls in the United States unexpectedly rose in December by 167,000 and the jobless rate remained at a very low 4.5%, the Labor Department reported.

Job growth was much stronger than the 100,000 expected. Payrolls grew by 1.84 million in 2006, an average of 153,000 per month.

The jobless rate fell from 4.9% at the beginning of the year to 4.5%. Average hourly earnings in December jumped by 8 cents or 0.5%.


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