Fewer Americans Looking For Work Than at Anytime Since 1970s

Obama nation

The recovery in the US jobs market came to a grinding halt in December as businesses added just 74,000 new jobs, the lowest rise since January 2011.

The report from the US Department of Labor shocked economists on Friday who had been expecting the number to increase by at least 200,000. The report said the unemployment rate had dropped to to 6.7% in December, but the fall was explained almost entirely by people giving up on their search for work.