US Unemployment Falls to 8.5%

200,000 jobs were added to the U.S. economy in December pushing the unemployment rate to 8.5 percent to reach the lowest rate in almost three years.
The 200,000 increase followed a revised 100,000 rise in November that was smaller than first estimated, Labor Department figures showed in Washington.

“The tide is beginning to come back in,” James Glassman, senior economist at JP Morgan Chase & Co. in New York, said in a radio interview. “We’ve got a long way to go. This is all positive, though, that we’re actually moving forward, and that’s an important trend.”

Source: Bloomberg

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.