The year finished strong in terms of job growth, as December brought 252,000 new jobs to the U.S. economy. The U.S. Bureau of Labor Statistics released its December 2014 unemployment report, and the greatest job gains occurred in professional and business services, construction, food services and drinking places, healthcare and manufacturing. In 2014, job growth averaged 246,000 per month, which is a remarkable improvement over the average monthly gain of 194,000 jobs in 2013. Since December of last year, a total of 2.95 million jobs have been added to the U.S. economy.
In other good news, the unemployment rate declined to 5.6 percent, after remaining at 5.8 percent in the previous two months. This is the lowest rate we’ve seen since September, 2008.
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