rightwinger
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2014 was America s best year of job growth since 1999 - Jan. 9 2015
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It's encouraging news as the U.S. tries to put the Great Recession and sluggish recovery solidly behind it. Many economists expect 2015 to be equally as strong, if not better, for job seekers.
The unemployment rate fell to 5.6%in December, down from 5.8% in November. That's also a big drop from the 6.7% rate in December 2013. It's expected to hit 5.2% -- around the normal level -- by the end of the year, according to CNNMoney's survey of economists.
Related: Expect strong U.S. economy in 2015
Throughout the recovery, the concern has been that America was adding jobs slowly and people hunting for work were getting so frustrated they would drop out of the workforce altogether.
But the U.S. added over 200,000 jobs every month in 2014 except two. The end of the year was especially strong with 252,000positions added in December. That was ahead of CNNMoney's economist forecast of 236,000.
The government also revised up its estimates for job gains in October and November, revealing employers added more than 50,000 jobs than previously thought.
.
.
It's encouraging news as the U.S. tries to put the Great Recession and sluggish recovery solidly behind it. Many economists expect 2015 to be equally as strong, if not better, for job seekers.
The unemployment rate fell to 5.6%in December, down from 5.8% in November. That's also a big drop from the 6.7% rate in December 2013. It's expected to hit 5.2% -- around the normal level -- by the end of the year, according to CNNMoney's survey of economists.
Related: Expect strong U.S. economy in 2015
Throughout the recovery, the concern has been that America was adding jobs slowly and people hunting for work were getting so frustrated they would drop out of the workforce altogether.
But the U.S. added over 200,000 jobs every month in 2014 except two. The end of the year was especially strong with 252,000positions added in December. That was ahead of CNNMoney's economist forecast of 236,000.
The government also revised up its estimates for job gains in October and November, revealing employers added more than 50,000 jobs than previously thought.
.