Unemployment rate dropped

The unemployment rate dropped sharply to 9.4 percent last month its lowest level in more than a year and a half  as tens of thousands of people found new jobs, but many others quit looking for work. The Labor Department reported that employers added a hundred  three thousand jobs in December, with an an addition of hundred and thirteen thousand jobs from private employers but a drop of ten thousand government positions. That was far fewer than the 150,000 new jobs that many economists expected and the roughly One hundred and twenty five thousand needed to account for people entering the labor pool. It also fell significantly short of a report from private payroll processing company ADP predicting nearly three times as many new jobs.

The unemployment rate basically dropped because of people found new jobs and also people stop looking for jobs. When people start looking for jobs they don't effect the unemployed. K.J.#23