Reported 3 months ago
The US labor market exceeded expectations in December by adding 256,000 jobs, significantly more than the anticipated 165,000, while unemployment dropped to 4.1%. Economists predict this robust jobs report will lead to a more hawkish Federal Reserve, diminishing hopes for interest rate cuts. Despite optimistic indicators from the labor market, the current situation is described as the 'paradox of 2025,' characterized by a cautious approach to hiring and low labor force turnover, which could shift policymakers' focus back to inflation dynamics in the upcoming months.
Source: YAHOO