Breaking News
Jobs Report December 2024:
Job growth was much stronger than expected in December, likely giving the Federal Reserve less incentive to cut interest rates this year.
Nonfarm payrolls rose 256,000 for the month, up from 212,000 in November and below the 155,000 forecast by the Dow Jones consensus. Institute for Labor Statistics he reported on Friday.
The unemployment rate fell to 4.1%, one tenth of a point below expectations.
Stock market futures were negative after the report, while Treasury bond yields jumped.
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