US unemployment rate down; jobs up modestly

By
January 7, 2006 00:44
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

US businesses boosted payrolls modestly in December, and the unemployment rate dropped to 4.9 percent -evidence, President George W. Bush said, of the economy's resiliency in the face of last year's hurricanes and high energy costs. For all of 2005, employers added 2 million new jobs. The employment report released by the Labor Department on Friday suggested that the job market headed into the new year in pretty good shape, analysts said. On Wall Street, the Dow Jones industrials closed up 77.16 points. December's jobless rate was down from November's 5 percent rate. Payrolls grew by 108,000 last month - a figure that was restrained by job losses in construction, which were blamed on bad weather in some parts of the country, as well as job cuts in retailing. Employers, however, ended up adding 71,000 more jobs in October and November combined than previously reported. That took the sting out of December's figure, which was about half of what had been expected.



More about:George W. Bush

Related Content

 Britain's opposition Labour Party leader, Jeremy Corbyn
August 16, 2018
Jeremy Corbyn pictured with terror chief behind Har Nof synagogue massacre

By JULIANE HELMHOLD