VIDEO: Dec. Jobs Report: Growth Drops Dramatically

VIDEO: Dec. Jobs Report: Growth Drops Dramatically

The Labor Department said U.S. payrolls rose by 74,000 in December and the unemployment rate fell to 6.7% from 7%. Expectations were for 200,000 new jobs to be created with the unemployment rate sticking at 7.0%. Sudeep Reddy and Phil Izzo report. Photo: Getty.

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