US jobless claims exceeded expectations, rising to 219,000, though job growth remains strong.

US jobless claims rose to 219,000 last week, exceeding expectations of 213,000, but the labor market remains robust with low layoffs. The four-week average of claims increased to 216,750, and 1.89 million Americans are receiving unemployment benefits. Despite the rise in claims, job growth in December surged, with 256,000 jobs added and the unemployment rate at 4.1%. The Federal Reserve expects only two rate cuts in 2025.

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