The latest Employment Situation Report indicated that in December, net non-farm payrolls increased by just 74,000 jobs overall with the private non-farm payrolls sub-component adding 86,000 jobs while the civilian unemployment rate declined to 6.7% over the same period.Net private sector jobs increased 0.08% since last month climbing 1.96% above the level seen a year ago but remained 0.55% below the peak level of employment seen in December 2007.
