Jobs Report: U.S. Adds 155,000 Jobs in December, Unemployment Holds at 7.8 Percent

| by Michael Allen
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The U.S. Labor Department released the December jobs report today, which said that U.S. employers added 155,000 jobs in December, bringing the total number of jobs created in 2012 to 1.84 million.

The unemployment rate held steady at 7.8% for December as the U.S. Labor Department raised the November unemployment rate to 7.8%, up from the original number 7.7%, reports CNN.

The private sector added 168,000 jobs, while the government axed about 13,000 workers.

Employment increased in health care, food services and manufacturing. Construction jobs were also up because of rebuilding efforts after Hurricane Sandy.

Sam Stovall, a market strategist for Standard & Poor's Capital IQ , said that the stock market is still looking for a catalyst to continue the upward momentum it got with the 'fiscal cliff' agreement earlier this week.