Payrolls Rise Much Less Than Forecast; Unemployment Dips to 6.7%

Paul Dykewicz

Payrolls Rise Much Less Than Forecast; Unemployment Dips to 6.7%  (Bloomberg)

Payrolls rose in December at the slowest pace in almost three years, breaking a string of recent strong gains in the U.S. labor market, the Labor Department reported. The 74,000 rise in December payrolls fell below the most pessimistic projection in a Bloomberg survey. The median forecast of 90 economists in the Bloomberg survey called for an increase of 197,000 jobs in December, with the survey estimates for December ranging from gains of 100,000 to 250,000. The low job growth in December followed a revised 241,000 jump the prior month. The unemployment rate for December dropped to 6.7 percent, the lowest since October 2008, but could have been due to a surge of people dropping out of the labor force. The unemployment rate for December was forecast to hold at 7 percent. The jobless rate averaged 7.4 percent in 2013, the lowest in five years.

Like This Article?
Now Get a FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

As I recently shared with subscribers to my PowerTrader trading service, there is pain ahead for the fast food industry.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE