Nation adds 200000 jobs in December hiring surge
The United States added 200000 jobs in December, cutting the unemployment rate to 8.5 percent the lowest in almost three years. Economists see the gain as sign of a possible virtuous cycle of hiring, spending, and growth.
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Jobs rebound in 2011 for groups hit hardest by recession
Labor Department data show 2011 brought modest relief for the young, older workers, those without college degrees and men, who had faced higher unemployment during the recession. Hispanics saw the sharpest declines, while African Americans saw little change, with black unemployment at 15.8 percent. Overall unemployment hovered around 13.1 million, with 58.5 percent of adults employed.
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