US economy adds 155K jobs, rate stays at 7.8 pct. - Yahoo! Finance: U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during the tense negotiations to resolve the fiscal cliff.
The solid job growth wasn't enough to push down the unemployment rate, which remained 7.8 percent last month, the Labor Department said Friday. The rate for November was revised up from an initially reported 7.7 percent. The government also said hiring was stronger in the previous month than first thought. November's job gains were revised up 15,000 to 161,000, while October was nearly unchanged at 137,000. Stock futures inched higher after the report was released at 8:30 a.m. Eastern time. The "gain is perhaps better than it looks given that firms were probably nervous about adding workers with the fiscal cliff looming," Paul Ashworth, an economist at Capital Economics, said. "Nevertheless, the overall picture is that the labor market remains lackluster."