U.S. Payrolls Climb; Unemployment Rate Falls

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Jan. 6 (Bloomberg) -- U.S. employers added more workers to payrolls than forecast in December and the jobless rate declined to an almost three-year low, showing that the labor market gained momentum heading into 2012. The 200,000 increase last month followed a revised 100,000 gain in November that was smaller than initially estimated, Labor Department figures showed in Washington. The unemployment rate unexpectedly fell to 8.5 percent, the lowest since February 2009, while hours worked and earnings climbed. Betty Liu, Megan Hughes and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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