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Unemployment rate stays at 5% as more people look for work
by Jeffry Bartash
Market Watch
WASHINGTON (MarketWatch) — The United States gained almost 300,000 new jobs in December, capping off the fifth straight year in which employment grew by at least 2 million to power a steadily growing economy.
The economy produced 292,000 jobs in the final month of 2015, the Labor Department said Friday. Economists polled by MarketWatch had predicted a 215,000 increase in nonfarm jobs.
The government also said employment was much stronger in November and October than previously reported. Some 252,000 new jobs were created in November instead of 211,000. October’s gain was raised to 307,000 from 298,000, marking the biggest increase of 2015.
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Nothing but propaganda. The real unemployment rate is at least 20%. Over 100 million working age people can’t find full time jobs. The economy is at Great Depression levels. It continues to implode.