December Jobs Report Has Analysts Flummoxed

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The U.S. economy gained just 74,000 jobs in December, according to a disappointing report released by the Labor Department on Friday. Economists had been expecting nearly three times as many jobs. At the same time, the unemployment rate fell slightly, to 6.7 percent. It's not that more jobs were created, though — many of the long-term unemployed just stopped looking.

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