Today, the labor department has announced that 200,000 new jobs were added in the month of December 2011, dropping the unemployment from November’s 8.7% to 8.5%. This is the fifth month in a row that at least 100,000 new jobs have been added to the U.S. economy
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Most of the gain was seen in retail, manufacturing, and healthcare. The unemployment rate had consistently stayed around 9% since the beginning of the recession in 2008, but in the past few months, the U.S. has seen optimistic jobs growth.
Even though the unemployment rate still has a long way to drop before it reaches pre-recession levels, this news will add a nice boost to the Obama administration as it prepares to face off against the GOP in 2012.
While this news may cause many to feel optimistic about the economic situation, there is still a crisis situation in Europe that could threaten to cripple the global economy in 2012.
