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Unemployment Falls Below 7 Percent

by Tom Kludt

01.10.14 | 8:38 am

FILE - In this Nov. 7, 2013 file photo, Jona Caldwell joins a long line of job seekers outside the Ferguson Community Center in Cordova, Tenn. The Labor Department reports on the number of Americans who applied for u... FILE - In this Nov. 7, 2013 file photo, Jona Caldwell joins a long line of job seekers outside the Ferguson Community Center in Cordova, Tenn. The Labor Department reports on the number of Americans who applied for unemployment benefits in the last week on Dec. 26, 2013. (AP Photo/The Commercial Appeal, Jim Weber, File) MORE LESS

The Bureau of Labor Statistics reported Friday that the economy added only 74,000 jobs in the month of December.

But despite the weak growth, the unemployment rate dipped below seven percent for the first time since 2008, falling to 6.7 percent.

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Tom Kludt Tom Kludt is a reporter for Talking Points Memo based in New York City, covering media and national affairs. Originally from South Dakota, Tom joined TPM as an intern in late-2011 and became a staff member during the 2012 election. He can be reached at tom@talkingpointsmemo.com.

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