U.S. Payrolls Rise 252,000; Jobless Rate Falls to 5.6%

Jan. 9 -- Employment rose more than forecast in December and the jobless rate declined to 5.6 percent, wrapping up the best year for the labor market since 1999 and adding to evidence the U.S. is a standout in the global economy. The addition of 252,000 jobs followed a 353,000 rise the prior month that was more than previously estimated, a Labor Department report showed today in Washington. Peter Cook reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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