FXstreet.com (Barcelona) - The US nonfarm payrolls for December fell by 85,000, demonstrating that sustained job growth remains elusive for the world's largest economy.
This result reverses two months of good news from the American labor market and is well behind the markets expectations of a more marginal loss in the range of 2,000 positions.
The Bureau of Labor Statistics of the US Department of Labor also revised up the figures for November to 4,000 jobs created compared to the 11,000 jobs lost originally reported, making it the first month of job growth since December, 2007.
With the fall of last month, the US unemployment rate remained steady at 10.0%.
The nonfarm payrolls hit bottom in March 2009 when 669,000 jobs were lost in a single month.