US Economy Gained 325,000 Jobs in December

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The economy gained 325,000 jobs in December leading to a total payroll of 109.6 million, according to ADP. Though this is a small gain, this month’s employment figure is up 1.8% from December 2010. February 2009 was the last time employment was this high, indicating that we’re still climbing out of the trough created by the recession. We’re still down 5 million jobs from the pre-recession employment peak reached in January 2008. Stay tuned this week as the BLS releases its employment report on Friday.

–From ADP and the St. Louis Federal Reserve

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