Excerpt
JEFFREY BROWN (Newshour): 2012 ended with another month of steady, but unspectacular job growth. That was the main takeaway from today's numbers out of the Labor Department.
The weeks of will they or won't they go over the fiscal cliff in Washington had raised fears that businesses would cut back hiring. Instead, the December jobs report suggests that neither employers nor job seekers were rattled, but that there had also been no big pickup in job growth. The U.S. economy added 155,000 jobs, slightly down from November, but in line with analyst expectations.
Overall, an average of 153,000 jobs were added each month in 2012, roughly the same pace as the year before. And in a sign of growing confidence, more people entered the job market last month.
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