The unemployment rate hovered at 5 percent
WASHINGTON (Talk Media News) -The U.S. economy gained 290,000 jobs in December, according to data released Friday by the Bureau of Labor Statistics.
The unemployment rate hovered at 5 percent, with 7.9 million out of work.
Jason Furman, the White House’s top economist, praised the numbers in a statement Friday.
“Our economy has now added more jobs over the past two years than in any two-year period since 1998-2000,” Furman said. “In fact, the annual average unemployment rate has seen its fastest two-year decline in thirty years.”
Furman touted the numbers as evidence that lawmakers should pursue the administration’s economic agenda, primarily the passage of the Trans-Pacific Partnership.