Decent jobs report despite slowdown in hiring pace
WASHINGTON (Reuters) – The pace of U. S. job growth slowed a bit in December, keeping the unemployment rate steady at 7. 8 percent, but details of the Labor Department’s U. S. employment report were fairly encouraging. * Nonfarm payrolls increased 155,000, but job gains for the previous month were revised up to show 15,0000 more positions created than previously reported. * Construction employment rebounded strongly, gaining 30,000 jobs after sagging 10,000 in November, reflecting increased residential construction activity as the housing market recovery gains traction. . . .
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