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| US economy adds 292,000 jobs in December | US economy adds 292,000 jobs in December |
| (about 4 hours later) | |
| US jobs growth remained solid in December as the economy added 292,000 jobs, beating expectations. | US jobs growth remained solid in December as the economy added 292,000 jobs, beating expectations. |
| The Bureau of Labor Statistics data also showed the jobless rate held at its seven-and-a-half year low of 5%. | The Bureau of Labor Statistics data also showed the jobless rate held at its seven-and-a-half year low of 5%. |
| Professional and business services, construction, health care, and food services all saw job increases. | Professional and business services, construction, health care, and food services all saw job increases. |
| In addition, the figures for October and November were revised up to show 50,000 more jobs created than previously reported. | In addition, the figures for October and November were revised up to show 50,000 more jobs created than previously reported. |
| However, not all sectors saw job gains in December - mining continued to decline, dropping by 8,000, and taking the total jobs lost in the sector in 2015 to 129,000. | However, not all sectors saw job gains in December - mining continued to decline, dropping by 8,000, and taking the total jobs lost in the sector in 2015 to 129,000. |
| In the fourth quarter of 2015, US economy created an average of 284,000 jobs a month, the best three-month pace in a year. | In the fourth quarter of 2015, US economy created an average of 284,000 jobs a month, the best three-month pace in a year. |
| The robust figures suggest resilience in the US economy at a time of market turmoil in China, the world's second biggest economy, and global economic uncertainty. | The robust figures suggest resilience in the US economy at a time of market turmoil in China, the world's second biggest economy, and global economic uncertainty. |
| Robust consumer spending has encouraged employers to hire staff, offsetting a drop in US exports in response to a stronger dollar. | Robust consumer spending has encouraged employers to hire staff, offsetting a drop in US exports in response to a stronger dollar. |
| "It is one more sign the domestic economy continues to chug along," said Kate Warne, an investment strategist at Edward Jones. | "It is one more sign the domestic economy continues to chug along," said Kate Warne, an investment strategist at Edward Jones. |
| "It is not a game changer in terms of faster economic growth, but it offsets some of the other indicators that recently have suggested the economy might be slowing down." | "It is not a game changer in terms of faster economic growth, but it offsets some of the other indicators that recently have suggested the economy might be slowing down." |
| The figures come after the first US interest rate rise in nearly 10 years in December. | The figures come after the first US interest rate rise in nearly 10 years in December. |
| The Federal Reserve raised overnight interest rates last month by a quarter of a percent to between 0.25% and 0.50%. | The Federal Reserve raised overnight interest rates last month by a quarter of a percent to between 0.25% and 0.50%. |
| US stocks opened higher after the jobs figures were released. The Dow Jones Industrial Average then lost ground, but was up 20.54 points, or 0.12%, at 16,534.64 in afternoon trading. |