6.7 — in reality is more like 67% unemployment in this country now.
Via USA Today:
Employers added 74,000 jobs in December as payroll growth slowed significantly after several months of solid gains.
That’s the smallest number of job gains since January 2011. The unemployment rate fell from 7% to 6.7%, lowest since October 2008, the Labor Department said Friday. The decline was mostly due to a 347,000 drop in the number of Americans working or looking for work.
The median forecast of 37 economists surveyed by USA TODAY was for a gain of 205,000 jobs last month. Nearly a third raised their projections after payroll processor ADP’s survey this week showed businesses adding 238,000 jobs in December, the most in 13 months.