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DOL numbers show steady employment numbers

Posted on January 7th, 2013 Read time: 1 minutes

The economy added 155,000 jobs in December, with employment increasing in healthcare, food service, construction and manufacturing, according to the U.S. Labor Department.

The year ended on a steady unemployment rate of 7.8 percent, the lowest it's been since 2008, reported Fox Business.

The private sector gained 168,000 jobs, while government employers cut 13,000 positions. Last year was a positive one for healthcare, which saw the creation of 338,000 new jobs.

Meanwhile, food service and drinking places added 38,000 jobs in December, construction added 30,000 and manufacturing employment went up by 25,000 jobs.

While the employment numbers changed little in retail, finance, business services and transportation, the report reveals an interesting twist on fiscal cliff fear.

"One thing is crystal clear with the labor report, though: the doom-and-gloom scenarios discussed regarding the fiscal cliff seemed much more like science fiction than reality, at least for employers," Todd M. Schoenberger, a managing partner at LandColt Capital said.

While many businesses head into the new year with a positive outlook for company expansion and hiring, decision makers should consider the benefits of outsourcing HR administration.

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