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U.S. Has Best Jobs Year Since 1999

The Labor Department’s December jobs report, released Friday, shows that 2014 was the best year for the U.S. labor market since 1999. The jobless rate declined to 5.6 percent, the lowest level since June 2008. The final month of the year added 252,000 jobs, on top of the 353,000 added the previous month—though earnings took an unexpected decline. In total, about 2.95 million Americans found work in 2014, the most in 15 years.