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US job market shrugs off fears of ‘fiscal cliff’

By , on January 5th, 2013

<!– google_ad_section_start –> The US job market proved resilient in December despite fears that a budget impasse in Washington would send the economy over the fiscal cliff and trigger growth-killing tax hikes and spending cuts. Employers added 155,000 jobs last month, roughly matching the solid but unspectacular monthly pace of the past two years. The gains announced on Friday weren’t enough to reduce unemployment, which remained a still-high 7.8 percent. The November rate was revised up a notch from the 7.7 percent the government had originally reported. <!– google_ad_section_end –>

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US job market shrugs off fears of ‘fiscal cliff’

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