London, Jan 7 (ANI): The US economy created 200,000 jobs in December mainly in retail, manufacturing, transportation and warehousing and healthcare sectors.
The rise was much more than expected, as analysts had forecast an increase of about 150,000 jobs.
The unemployment rate dropped to 8.5%, which was the lowest level in nearly three years, from a revised 8.7% in November, the Labor Department said.
The economic figures are the best news that US President Barack Obama has had for a while, The BBC reports.
The American economy finally seems to be moving in the right direction after being stuck in the doldrums.
However, the jobs report failed to bolster Wall Street, with the Dow Jones and S and P 500 indexes closing lower on continuing worries about the eurozone debt crisis.
Some 28,000 jobs were created in retail in December, 23,000 in manufacturing, and 23,000 in healthcare.
The transportation and warehousing sector was boosted by a rise of 42,000 jobs in the couriers and messengers industry, although the Labor Department said that seasonal hiring had been particularly strong. (ANI)
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