U.S. Unemployment Falls to 8.5% as Jobs Gain

By Timothy R. Homan - Jan 6, 2012 9:07 AM ET

The 200,000 increase followed a revised 100,000 rise in November that was smaller than first estimated, Labor Department figures showed in Washington. The median projection in a Bloomberg News survey called for a December gain of 155,000. The unemployment rate unexpectedly fell to 8.5 percent, the lowest since February 2009, while hours worked and earnings climbed.

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