Many economists had expected an increase of at least 200,000 new jobs for the month.
The study issued today estimated a net increase of 4,054 jobs for each $1 billion shifted.
Economists had forecast an increase of 150,000 jobs in December.
The employment report showed an increase of 217,000 jobs and a decline in the unemployment rate.
In 1997-99, it paints a more optimistic picture with an increase of 79,000 jobs.
That contrasts with 1989, when there was an increase of 5,900 jobs.
The forecasts range from an increase of 55,000 to 250,000 jobs.
For example, the city said the public school system had eliminated 90 staff members but the report found an increase of 404 jobs.
Statewide, there would be a net increase of 13 military jobs.
The business service sectors in the 2008 year saw an increase of over 3,000 jobs.