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  • US Dec. nonfarm payrolls total 74,000 vs. 200,000 est.; unemployment rate at 6.7% vs. 7% est.

    01/10/2014 5:42:52 AM PST · by John W · 131 replies
    CNBC ^ | January 10, 2014 | Jeff Cox
    Job creation stumbled in December, with the U.S. economy adding just 74,000 positions even as the Federal Reserve voted to take the first steps in eliminating its stimulus program. The unemployment rate dropped to 6.7 percent, below economist estimates and due primarily to continued shrinkage in the labor force. The labor force participation rate tumbled to 62.8 percent, its worst level since January 1978.