The US economy added more jobs than anticipated in December, exceeding economists' expectations. The unemployment rate also dipped slightly, signaling a strong labor market. The report comes ahead of the Federal Reserve's meeting later this month, where policymakers will assess the job market's strength and consider potential rate changes.
The U.S. economy added jobs more rapidly than expected in December as Federal Reserve policymakers are keeping close tabs on the strength of the labor market ahead of their meeting later this month.The Labor Department on Friday reported that employers added 256,000 jobs in December, well above the estimate from LSEG economists.The unemployment rate came in at 4.1%, slightly lower than economists' expectations.
Social assistance employment increased by 23,400 last month, most of which was in individual and family services . The sector added an average of 18,000 jobs per month in 2024, slightly lower than the average of 23,000 in 2023.The labor force participation rate was unchanged at 62.5%, unchanged from a month ago, and it has remained in a narrow range of 62.5% to 62.7% since December 2023.
US Economy Jobs Report Unemployment Federal Reserve Interest Rates
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Private sector adds 122,000 jobs in December, below expectations, ADP saysCompanies in the private sector added 122,000 jobs in December, payroll processing firm ADP said on Wednesday. The figure is below economists’ estimates of 140,000 jobs.
Read more »
US adds 256,000 jobs in December, more than anticipatedUS adds 256,000 jobs in December, more than anticipated
Read more »
US Job Market Remains Strong as December Adds 256,000 JobsThe US economy added 256,000 jobs in December, exceeding expectations and pushing the unemployment rate down to 4.1%. The robust job growth, fueled by sectors like health care, government, and cyclical industries like retail and restaurants, presents a strong economic foundation for the incoming Trump administration.
Read more »
Weekly Horoscope: December 15 - December 21See what this weekly horoscope has in store for you, including why we're getting some much needed clarity.
Read more »
Economy added 256,000 jobs in December: The key facts and figuresPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Read more »
US economy added 256K jobs in December, well above expectationsThe unemployment rate came in at 4.1%, slightly lower than economists' expectations.
Read more »