U.S. Job Growth Falls Sharply

Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"

The U.S. unemployment rate fell to 6.7% but the number off set some darker information regarding job creation and employment levels.

The economy only generated 74,000 jobs in December with a significant number of Americans deciding to give up looking for work.  Those who say they are giving up looking for work are removed from the rolls for unemployment and can cause a drop in the overall number.

The labor force participation rate fell to 62.8% which is close to a 35 year low.

The report showed the leisure, manufacturing and services sectors added jobs but construction fell 16,000, the biggest drop in 20 months.

A economic expert with the BBC says the weakness of the report throws into question other reports that said the American economy was growing.

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