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U.S. job growth slows sharply in December

Jan 10, 2014, 10:26 AM EST
Job seekers speak to potential employers at a jobs fair for people 50-years-old and older, put together by the UJA-Federation of New York, on November 20, 2013 in New York City.
AFP/Getty Images

The U.S. economy created just 74,000 jobs in December, the fewest in almost three years and a sharp fall from numbers of over 200,000 in the prior two months. The unemployment rate was the lowest since October 2008 and mostly reflected people leaving the labor force.