By CNN Wires Staff
Washington (CNN) - President Barack Obama announced several new members of his economic team Friday as the administration trumpeted a falling unemployment rate.
The U.S. economy added 103,000 jobs in December, while the unemployment rate fell from 9.8% to 9.4%.
"The trend is clear." Obama said at a Maryland manufacturing facility. "The pace of hiring is beginning to pick up."
Obama noted that there have now been 12 months of private-sector job growth for the first time since 2006.