US adds whopping 256K jobs in December
The U.S. added 256,000 jobs in December, and the unemployment rate fell to 4.1%, according to data released Friday by the Labor Department. December employment data showed the U.S. economy outperformed year-end forecasts. Economists expect the U.S. to add 155,000 jobs and keep the unemployment rate at 4.2%, according to consensus estimates. The new employment […]
US adds 256K jobs in December, dimming rate cut hopes
U.S. employers added a surprisingly strong 256,000 jobs in December, but hopes that the Federal Reserve will cut interest rates anytime soon are fading. The explosive numbers released by the U.S. Bureau of Labor Statistics were a sharp increase from the previous month as employment recovered from strikes and major hurricanes, and lifted traders' expectations […]
US economy added 256K jobs in December, well above expectations
Kathryn Rooney Vera, chief market strategist at StoneX, talks about the importance of reducing federal spending on moneymaking. The U.S. economy added jobs faster than expected in December, as Federal Reserve policymakers watch the strength of the labor market ahead of a meeting later this month. The Labor Department reported Friday that employers added 256,000 […]