According to recent figures, the US economy created an additional 200,000 new jobs in December, beating analysts’ estimates of 150,000. This represents the sixth month in a row that the employment rate has risen.
Officially, the unemployment rate has now dropped to just 8.5%, from a revised 8.7% in November. This is the lowest level in nearly three years. A large proportion of the job gains were in retail, manufacturing, transportation,