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2013 Starts with GOOD NEWS!

The economy added 155,000 jobs in December, in line with an expected increase of 152,000, according to Bloomberg. The unemployment rate remained at 7.8%, having been revised up in November. The jobs report's details contained good news, as both earnings and hours increased more than expected. December's job growth was also in line with the 153,000 average monthly gain over the past two years. While the plodding pace is disappointing, solid progress has been made, with the addition of almost 3.7 million jobs in two years.

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