Dashing hopes that December would be a job-generator, the Labor Department on Friday reported a net nationwide loss of 85,000 jobs for the month.
The unemployment rate stayed steady at 10 percent, but analysts quickly pointed out that was a bit misleading because 661,000 job-seekers simply stopped seeking jobs, mucking up an already ambiguous picture of the job market.
For the complete report: Another grim U.S. jobs report — 85,000 lost in December - San Jose Mercury News
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