Today’s Employment Situation Report showed that in December, net nonfarm payrolls increased by 103,000 while private nonfarm payrolls added 113,000 as the unemployment rate declined to 9.4%.It's important to note that private sector job creation increased 0.10% since last month remaining a whopping 6.16% below the peak level of employment seen in December 2007 though, on a year-over-year basis, private jobs showed a notable increase of 1.26%.
