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US economy creates more jobs than expected

Published by Steve Coleman on January 06, 2012

The US economy did slightly better than expected in December, creating 50,000 more jobs than economists had predicted.

American unemployment rate fell to 8.5 per cent with the addition of 200,000 new jobs. Analysts were predicting the economy would rebound with 150,000 new jobs during the month.

The Bureau of Labour Statistics said gains in transportation and warehousing, retail trade, manufacturing, health care and mining led the stronger-than-expected showing.

Official numbers say there are now 13.1 million unemployed people in the US. A slight turnaround in the American economy has dropped the unemployment rate 0.6 percentage points since August.

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