The US economy shrugged off concerns about the fiscal cliff as it started 2013 with 155,000 new jobs and rising confidence in the services sector.
Jobs growth was almost exactly in line with market forecasts, while the unemployment rate edged up from 7.7 to 7.8 per cent, although a slight revision to November’s data meant the figure was unchanged.
The figures suggest that the economy did not stall in December – widely feared because of uncertainty about tax rises and spending cuts – but it is still locked into a pattern of sluggish overall growth.
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