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Economy Adds 155,000 Jobs in December, Unemployment Rate Stays Even

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The American economy created 155,000 new jobs in December, according to the latest report from the Labor Department. The unemployment rate is 7.8 percent, the same as November.

For the entire 2012 year, the economy added about 1.8 million jobs, or 150,000 per month, meaning December’s job growth was on par for the yearly average. Hurricane Sandy rebuilding seems to have helped the numbers, with construction and manufacturing seeing big gains. Health care and food services also added workers, while state and local governments shed jobs.

The economy is still struggling, though it is recovering, however slowly. The pace of job growth is ahead of population growth, but only barely.

Signals are mixed for how things will go in 2013. Some positive trends in housing, wage growth and working hours are balanced out by higher taxes resulting from Congress’s recent “fiscal cliff” deal and possible large spending cuts coming in the next few months.

Twelve-point-two million people are still out of work, many long-term, which remains the biggest impediment to full economic recovery. At this pace, it would take seven years for the unemployment rate to return to its December 2007 level, the month the Great Recession officially began.

[Labor Dept., New York Times]

Texas Tech v Texas
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Longhorns’ Spelling Error Delights Rival Fans

Sometimes and oops happens.  And this is one that Aggie fans are gonna run with!

In the University of Texas' media guide, it didn't take long at Big 12 Media Days to discover that "Texas" was misspelled.  

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Category: East Texas News Tags: ,
police-lights
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Accident Victim Was A Teen On Her Way To Freshman Orientation at SFA

 

A bad accident Wednesday night claimed the life of an Austin woman, and Stephen F Austin said she was on her way to freshman orientation.

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Category: East Texas News, News Tags: , ,
Win McNamee, Getty Images
Win McNamee, Getty Images
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Governor Perry Is Sending Troops To The Texas-Mexico Border

Governor Rick Perry announced Monday he was sending a thousand troops to the border with Mexico to combat the border crisis, and said that process will happen over the next month.

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Malaysian Airlines Flight Reported Missing On Route To Beijing
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Malaysian Passenger Jet With 295 Onboard Crashes Near Ukraine-Russia Border [UPDATED]

A Malaysia Airlines jet carrying nearly 300 people crashed near the border between Russia and Ukraine, according to Reuters and Interfax. The airline company has confirmed that it has lost contact with the plane, a Boeing 777.

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Category: News, World News
Stuart Scott
ESPN, YouTube
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Watch Stuart Scott’s Heartbreaking Speech at the ESPYs [VIDEO]

Longtime ESPN personality Stuart Scott literally took center stage at Tuesday night's ESPY Awards when he accepted the Jimmy V Perseverance Award. And his speech did not disappoint.

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Category: News, Sports, Television Tags:
McAllen Police Dept
McAllen Police Dept
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Texas Judge Arrested for DWI

Late Saturday night, Nora Longoria, a justice with the 13th Court of Appeals in McAllen was arrested and charged with suspicion of DWI. 

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Category: Texas News Tags:
Christopher Furlong/Getty Images
Christopher Furlong/Getty Images
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Thousands Help Lone Survivor After Her Family Is Killed in Spring, TX

After her family was killed execution style last Wednesday near Houston, people are coming out in droves to help the 15-year old sole survivor.

Cassidy Stay's parents and four siblings were killed in the shootings at their home, but Cassidy survived after a bullet grazed her head and she played dead until the violence ended. Now almost $300,000 has been raised for her benefit, as she starts her new life without her family.

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Getty Images-Online USA
Getty Images-Online USA
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Lone Ranger Outfit Brings In Big Bucks at Texas Auction

The family of a late businessman and collector decided to put the original Lone Ranger outfit on the auction block, and it brought in $195,000 at the auction in Waco Saturday.

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Monkey Business
Monkey Business
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Three Weeks Left To Nominate a Lufkin Small Business Of The Year

Do you have a favorite ice cream shop, burger joint, lawn service or barber?  Tell everyone about them!

Now is the time to nominate your favorite Mom or Pop shop for Small Business of the Year with the Lufkin Chamber of Commerce.

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Category: East Texas News, News Tags: ,
David McNew/Getty Images
David McNew/Getty Images
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Game Wardens Have Been Targeting Lakes Looking for Drunk Boaters

If one of your favorite things to do during the summer is pack some frosty beverages on ice and head to the lake, be safe when you hop on the boat!

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Category: East Texas News, News Tags:

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