unemployment

Friday, January 4, 2012 – 08:30 a.m.

The jobs picture remained tepid in December with a lackluster 155,000 jobs added, according to the unemployment report issued by the U.S. Department of Labor on Friday morning.

The official government unemployment rate (U-3) edged up to 7.8% from 7.7%.

The real unemployment rate (U-6) remained unchanged at 14.4%. The U-6 rate takes into account all people receiving unemployment benefits, working only part-time or who have given up looking for work.

The job growth average for 2012 was 153,000. A number insufficient to provide any meaningful economic growth.