US Added 325,000 Jobs In December, Largest Gain Since 2010?
Payroll giant ADP says that the private sector added 325,000 jobs in December 2011, the largest increase since December 2010.
It’s also nearly twice the average increase since May, when pundits worried we were falling back into Recession 2.0.
Meanwhile, a separate report from the Labor Department says that initial unemployment claims last week dropped 15,000 to 372,000.
The four-week moving average continued to fall as well, to 373,250.
“The labor market is pretty much treading water, buts it’s definitely not as far behind as last year,” economist Aneta Markowska told Bloomberg
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