06 Jan '12, 11pm

Nation adds 200,000 jobs in December hiring surge - Umm..its called 'seasonal hiring' in Dec. Wait for Jan #tcot

WASHINGTON (AP) — Four painful years after the Great Recession struck and wiped out 8.7 million jobs, the United States may finally be in an elusive pattern known as a virtuous cycle — an escalating loop of hiring and spending. The nation added 200,000 jobs in December in a burst of hiring that drove the unemployment rate down two notches to 8.5 percent, its lowest in almost three years, and led economists to conclude that the improvement in the job market might just last. "There is more horsepower to this economy than most believe," said Sung Won Sohn, an economics professor at California State University, Channel Islands. "The stars are aligned right for a meaningful economic recovery." It was the sixth month in a row that the economy added at least 100,000 jobs, the longest streak since 2006. The economy added jobs every month last year, the first time that has happened...

Full article: http://sg.news.yahoo.com/nation-adds-200-000-jobs-decembe...

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