NEW YORK (March 8) – The December jobs report printed this morning at a deeply disappointing 20,000 new jobs. The consensus estimate had been just 181,000. Revisions for December (+5,000) and January (+7,000 jobs) netted just 12,000 more jobs. The revisions resulted in average three months job creation of 186,000, jobs and six months average jobs creation of 188,000. Job creation was down a staggering 93.9 percent from the same month last year, which had printed at 330,000,

The unemployment rate was 3.8 percent, down 2/10ths of a percentage point from January, and down 3/10ths of a percentage point from

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