Reported 1 day ago
The December jobs report reveals a robust US labor market, with 256,000 new jobs created, surpassing expectations of 165,000 and marking the highest gain since March 2023. The unemployment rate dropped to 4.1% from 4.2% in November, and despite a slight cooling in wage growth, the outlook for Federal Reserve interest rate cuts has shifted. Investors now see a reduced likelihood of cuts until at least June, reflecting the strong economic indicators highlighted in the report.
Source: YAHOO