Sunday, January 8, 2012

U.S. Economy Gains Steam as 200,000 Jobs Are Added

Maybe it is time to start calling the glass half full.

Employers in the United States added 200,000 jobs last month, the Labor Department said Friday, a report that came on the heels of a flurry of heartening economic news and signaled gathering momentum in the recovery. Consumer confidence lifted, factories stepped up production and small businesses showed signs of life. The nation’s unemployment rate fell to 8.5 percent, its lowest level in nearly three years.

Read more in The New York Times (subscription may be required).