Job losses were smaller in December, unemployment will likely rise

The nation’s private sector lost 84,000 jobs in December, the smallest monthly job loss since March 2008. That’s according to an article in the Wall Street Journal and a national employment report published Wednesday.

The report showed large businesses lost 34,000 jobs last month, while medium-size businesses lost 25,000 jobs. Small businesses (employing fewer than 50 people) shed 25,000 positions.

Still, the unemployment rate for December us expected to move up slightly to 10.1 percent from 10 percent.

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