WKYT | Lexington, Kentucky | News

Unemployment falls to 9.4 percent

WASHINGTON (AP) - The nation's unemployment rate dropped to 9.4 percent last month, its lowest level in 19 months. That was because more people found jobs, but also because some people gave up on their job searches.

The Labor Department says employers added 103,000 jobs in December, an improvement from November's revised total of 71,000 but far below most analysts' expectations.

Once unemployed workers stop looking for work, the government no longer counts them as unemployed.

Through all of 2010, the nation added 1.1 million jobs, or an average of 94,000 jobs a month.

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  • by Lee Location: Lexington on Jan 8, 2011 at 08:30 AM
    Unemployment plummets to 9.4% from 9.8%. WOW!! Probably more than that were dropped from the rolls who quit looking for a job. The paper says the recovery will be a success if unemployment drops to 9% by the end of 2011. Who writes this trash?
  • by Anonymous on Jan 7, 2011 at 08:46 PM
    Duh, it was the holidays. Wait till they get this months numbers. People are being laid of right and left or getting their hours cut.


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