december jobs report

Jobs Report: Unemployment Rate Holds Steady At 7.8 Percent

Hiring by U.S. employers slowed slightly in December, pointing to a lackluster pace of economic growth that was unable to cut further into the country's still high unemployment rate. Payrolls outside the farming sector grew by 155,000, in line with analysts' expectations.

Unemployment Rate Hits Lowest Level Since May '09

The latest data from the U.S. Labor Department shows that employers ended 2010 on a positive note, adding 103,000 jobs in December. While the job growth came in below estimates, the unemployment rate fell to 9.4%.