The unemployment rate has now reached 8.5%, its lowest since February 2009. Hiring in December, as should be expected, went up as employers hired 200,000 employees.
While the private sector added 212,000 jobs the public sector cut 12,000 as government has been trying to lower payroll. 1.6 million total jobs were added in 2011 which is a significant increase from the 940,000 jobs added in 2010. All in all 2011 was much better than 2010 and hopefully the upward trend continues thru 2012.
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With jobs and the economy taking a swing up it looks like the GOP field will need to find a new way to attack Obama especially if the stats are in his favor. Let’s see how things play out in the chess game that will be the 2012 elections.
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