December jobs report shows growth, unemployment rate 7.8 %
(CNN) — The job market ended 2012 with more growth, as moderate hiring continued at the end of the year.
The economy added 155,000 jobs in December, bringing the total number of jobs added in 2012 to 1.84 million, the Labor Department said Friday. The unemployment rate was unchanged at 7.8%.
Employment in health care, food services, and manufacturing all managed to grow.
Hiring in construction also picked up, but that fact should be taken with a grain of salt because there are a few factors that influenced these numbers, such as Superstorm Sandy and the surge in temporary workers hired for the holidays.
The bad news is that the labor market is barely moving, and wages aren’t growing fast enough to keep up with rising prices.
There are also more than 12 million people who are still unemployed in the U.S.
CNNMoney.com Senior Writer Tami Lubhi contributed to this report.
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