Unemployment Drops, 200,000 New Jobs Added to Economy - Black Enterprise
Black Enterprise Magazine July/August 2018 Issue

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The U.S. economy didn’t close on such a bad note in 2011.

A forceful 200,000 new jobs were added to the economy in December, the U.S. Department of Labor announced Friday.

The nation’s unemployment rate fell to 8.5 % in December, from 8.7% in November, the government said. The Labor Department revised the number of new jobs added in November to 100,000, from 120,000.

December was the sixth consecutive month that the economy added at least 100,000 new jobs, but the Japan earthquake and debt ceiling crisis of the spring and summer slowed progress significantly.

“People were very much thinking that the sky was falling,” said Tom Porcelli, an economist at RBC Capital Markets. “It’s no small victory that we’re up here, even with all these headwinds.”

Read more at the New York Times…

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Sade K. Muhammad

Sadé Muhammad is a news intern at BlackEnterprise.com. Before Black Enterprise, she was a fashion writer for Jonesmagazine.com, blogger and research intern for Niaonline.com, and a marketing and web intern for WPVI-TV/6ABC in Philadelphia, PA. Sadé is a senior magazine journalism major and honors student at the Newhouse School of Public Communications at Syracuse University. With a passion for empowerment and solidarity among women of color, she is developing a print and online lifestyle magazine catering to this very audience for her senior thesis. When she’s not writing, she is talking fashion, travel, and Knicks basketball.


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