The U.S. December employment report was largely as expected, showing a still high 7.8% unemployment rate and a modest 155,000 gain in payrolls, both too weak to suggest economic takeoff.
December Non-Farm Payrolls Up 155,000; Jobless Rate 7.8%
JAN 4, 2013 8:35am ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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