Marketplace Index for Thursday, January 5, 2012
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Today, ADP reported the biggest jump in new hires it has ever seen: 325,000 new jobs in December. Could that be a sign the economy is coming out of its stupor? Joel Prakken of Macroeconomic Advisors thinks so. He says today's number gives hope that the economy is finally picking up the pace of its recovery. The Daily Pulse is down today on news that despite record-low interest rates, rental vacancies are at a 10-year low of just 5.2 percent.