The U.S. economy lost 85K jobs in December, bringing the total to 7.6 million since the recession started in December 2007

The U.S. economy lost 85K jobs in December, bringing the total to 7.6 million since the recession started in December 2007. Back month revisions also come into play as October job losses increased 16K while November’s posting improved by 15k. The November number now stands at plus 4K, the first positive employment growth two years.