Far More Jobs Lost in December Than Expected
January 28, 2011
Although the number of new unemployment claims held steady from November to December, the number of jobs added/lost was expected by analysts to finally be positive after 24 straight months of job losses. Some analysts were projecting a couple of hundred thousand jobs added in December but the preliminary numbers released yesterday were that 85,000 fewer jobs were added in December than cut.
For further analysis from the Wall Street Journal, watch this video:
