U.S. jobs surge in December, unemployment drops to 4.1%, easing Fed's rate cut pressure.

The U.S. added 256,000 jobs in December, exceeding expectations and dropping the unemployment rate to 4.1%. This strong job market performance may reduce the Federal Reserve's likelihood of cutting interest rates soon, as it signals economic resilience despite high interest rates and inflation. Average hourly wages increased by 0.3%, but economists are cautious about sustained growth due to potential inflationary pressures.

January 10, 2025
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