NPR logo

Dismal Jobs Report Puts Pressure on Fed

  • Download
  • <iframe src="https://www.npr.org/player/embed/17854266/17854226" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Dismal Jobs Report Puts Pressure on Fed

Economy

Dismal Jobs Report Puts Pressure on Fed

Dismal Jobs Report Puts Pressure on Fed

  • Download
  • <iframe src="https://www.npr.org/player/embed/17854266/17854226" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The unemployment rate jumped to an even 5 percent in December, from 4.7 percent the month before. The Labor Department said business payrolls expanded by a weaker-than-expected 18,000.

Analysts say the report increases the odds of another interest-rate cut, but the stock market was took a dive. The Dow Industrials fell more than 100 points in early morning trading.

Related NPR Stories