Unemployment rate falls as economy adds 200K jobs - WSMV Channel 4
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A burst of hiring in December pushed the unemployment rate to its lowest level in nearly three years, giving the economy a boost at the end of 2011.
The Labor Department says employers added a net 200,000 jobs last month and the unemployment rate fell to 8.5 percent, the lowest since February 2009. The rate has dropped for four straight months.
The hiring gains cap a six-month stretch in which the economy generated 100,000 jobs or more in each month. That hasn't happened since April 2006.
For all of 2011, the economy added 1.6 million jobs, better than the 940,000 added in 2010. The unemployment rate averaged 8.9 percent last year, down from 9.6 percent the previous year.
Economists forecast that the job gains will top 2.1 million this year.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Police have identified the woman who was struck in a fatal car accident Friday night. Kris Hansen, 66, was walking near the middle of a right turn lane when she was hit and killed by a 2001 Nissan Sentra on Nolensville Pike.
More >>Police have identified the woman who was struck in a fatal car accident Friday night. Kris Hansen, 66, was walking near the middle of a right turn lane when she was hit and killed by a 2001 Nissan Sentra on Nolensville Pike.
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More >>Extreme heat & humidity will continue today with high temperatures in the upper 90s and a heat index around 105 degrees this afternoon.
Little change is expected on Sunday. However, scattered thunderstorms Sunday night will bring welcomed relief to much of the Mid State.
More >>A member of the jury in the Timothy Batts trial is speaking out, and he says 11 of the 12 jurors thought Batts was guilty of the most serious charge he faced.
More >>A member of the jury in the Timothy Batts trial is speaking out, and he says 11 of the 12 jurors thought Batts was guilty of the most serious charge he faced.
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More >>The owners and operators of three Davidson County nail salon and massage parlors remain at the Metro-Davidson County Detention Center on Friday after Metro Police raided their establishments in a prostitution, human trafficking and money-laundering investigation.
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More >>After a frantic knock on the door in the middle of the night, one Kentucky woman jumped in to help her neighbor escape from a violent attacker. ?
More >>After a frantic knock on the door in the middle of the night, one Kentucky woman jumped in to help her neighbor escape from a violent attacker.
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More >>A 58-year-old woman is recovering from surgery after being caught in the crossfire of a shootout on Friday in North Nashville.
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More >>Months of misery and hundreds of dollars later a Kentucky family is still without air conditioning. And with this heat, they’re at their breaking point.
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More >>In a city like Nashville where traffic is always a problem it's easy to get frustrated even angry behind the wheel, but lately, police are seeing a disturbing trend where road rage incidents are escalating quickly and becoming violent.
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More >>A member of the jury in the Timothy Batts trial is speaking out, and he says 11 of the 12 jurors thought Batts was guilty of the most serious charge he faced.
More >>A member of the jury in the Timothy Batts trial is speaking out, and he says 11 of the 12 jurors thought Batts was guilty of the most serious charge he faced.
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More >>Instead of calling for help, the teens recorded the incident on a cell phone, chuckling during the victim's final moments.
More >>After a frantic knock on the door in the middle of the night, one Kentucky woman jumped in to help her neighbor escape from a violent attacker. ?
More >>After a frantic knock on the door in the middle of the night, one Kentucky woman jumped in to help her neighbor escape from a violent attacker.
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More >>The owners and operators of three Davidson County nail salon and massage parlors remain at the Metro-Davidson County Detention Center on Friday after Metro Police raided their establishments in a prostitution, human trafficking and money-laundering investigation.
More >>The owners and operators of three Davidson County nail salon and massage parlors remain at the Metro-Davidson County Detention Center on Friday after Metro Police raided their establishments in a prostitution, human trafficking and money-laundering investigation.
More >>A new study claims that the more children are spanked, the more likely they will develop mental health problems.
More >>A new study claims that the more children are spanked, the more likely they will develop mental health problems.
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