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US economy creates 200,000 jobs in December

The US economy created 200,000 jobs in December, marking the sixth month in a row of gains, official figures show.

The rise was much more than expected. Analysts had forecast an increase of about 150,000 jobs.

The unemployment rate dropped to 8.5%, which was the lowest level in nearly three years, from a revised 8.7% in November, the Labor Department said.

Rajesh Mirchandani reports.

  • 06 Jan 2012
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