Nation adds 200,000 jobs in December hiring surge

WASHINGTON (AP) — Four painful years after the Great Recession struck and wiped out 8.7 million jobs, the United States may finally be in an elusive pattern known as a virtuous cycle — an escalating loop of hiring and spending.
The nation added 200,000 jobs in December in a burst of hiring that drove the unemployment rate down two notches to 8.5 percent, its lowest in almost three years, and led economists to conclude that the improvement in the job market might just last.
“There is more horsepower to this economy than most believe,” said Sung Won Sohn, an economics professor at California State University, Channel Islands.Read more on NewsOK.com

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