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Employment Ends Year HermesiPad Cases On Strong Note

Employers stepped up hiring last month, boosting payrolls by a brisk 167,000and keeping the unemployment rate steady at a still historically low 4.5percent. Workers' wages grew briskly.

The latest snapshot of the nation's employment climate, released Friday bythe Labor Department, showed that the jobs market ended 2006 on a strong noteand provided fresh evidence that the troubled housing and automotive sectors Coach iPadPU Leather Cases aren't dragging down employment across the country.

"This is a very low unemployment rate by historical standards. There are jobsout there. There aren't a lot of people looking for them," David Wyss, chiefeconomist at Standard Poor's, told CBS Radio News.

Analysts had predicted that 132,000 new jobs would be created and that theunemployment rate had held steady at 4.5 percent, reports CBS News correspondentAlexis Christoforous. The jobcreation number was even better than expected, andthe rate prediction was dead on. economy is," Touro College finance professorPeter Sperling told CBS Radio News.

For all of 2006, the nation's unemployment rate dropped to a sixyear low of4.6 percent. In 2005, the unemployment rate averaged 5.1 percent.

With the economy losing LViPad Cases For Sale momentum, though, many economists predict thejobless rate will climb this year and average around 4.9 percent.

Employers showed not only a greater appetite to hire in December but alsomore willingness to boost compensation to workers.

"It's partly a reflection of the strength in the labor MichaelKors iPad Cases market. As the labor market remains tight, employers arewilling to pay more," said Sperling.

  Friday, September 11, 2015 at 10:21:13 AM

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