Construction sector loses 53,000 jobs in December

The U.S. economy lost 85,000 jobs in December, according to today's Labor Department figures, shaking analysts' faith in a swift recovery. The job losses were worse than what economists had predicted and left the unemployment rate steady at 10%. Construction was hit again. The one bright note? Revised figures suggest the economy actually gained 4,000 jobs in November, the first increase in nearly two years.

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