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U.S. Jobs Growth Accelerates with 256,000 New Positions in December

share-iconSaturday, January 11 comment-icon3 weeks ago 7 views
News sources:
nytimesNYTIMES
U.S. Jobs Growth Accelerates with 256,000 New Positions in December

Credited from: NYTIMES

  • In **December 2024**, **U.S. employers created 256,000 jobs**, surpassing expectations and indicating a recovery in the labor market.
  • The **unemployment rate** decreased to **4.1 percent**, reflecting a strong employment landscape by historical comparisons.
  • Average hourly earnings rose by **0.3 percent** from November, achieving a **3.9 percent** increase over the past year, outpacing inflation.
  • This positive report could **dampen interest rate cuts** by the Federal Reserve as robust job growth could influence their monetary policy decisions.
  • Despite gains in several sectors, **manufacturing lost 13,000 jobs**, with growth seen in education, retail, and hospitality.

For the full article, visit The New York Times.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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