Job Numbers Offer Little Encouragement
At that rate, we'll be back to five percent unemployment in seven years
Job growth in December and 2012 failed to accelerate, data showed Friday, providing the economy with no extra buffer as consumers feel new tax hikes this year.
Payrolls expanded by 155,000 last month, the Labor Department said, in line with 2012's monthly average of 153,000, which also matched 2011's pace.
"It's still modest after all this time," said Tom Porcelli, chief U.S. economist at RBC Capital Markets. "That's most striking about this report."
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?