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

We no longer support commenting on NPR.org stories, but you can find us every day on Facebook, Twitter, email, and many other platforms. Learn more or contact us.