U.S. Economy Continues Resilience with Strong Job Growth in December
The U.S. economy added 256,000 jobs in December, marking a resilient labor market amid inflation challenges and shifting expectations from the Federal Reserve.
Despite inheriting an economic crisis, we built back our economy from the middle out and bottom up.
Watch live: Biden to discuss economy after US added 256K jobs in December
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As far as we're concerned, a good labor market with stabilizing wage growth is not a bad thing.
Strong jobs data is good news for the economy, just not for the market. Here's why
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I would describe this economy as the don't mess it up economy. And it was similar to last time... And that means, you know, my advice is not that Trump's asking for it, but it's like, just don't mess this up.
Strong US Jobs Report Backs Case for Pause in Fed Rate Cuts
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The monthly jobs report exceeded expectations, with 155,000 new positions projected and unemployment forecast at 4.2 percent.
US adds 256K jobs in December, normalizing after strikes, storms
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The healthy jobs report makes it much less likely the Fed will cut its key interest rate at its next meeting in January, and could lead policymakers to keep rates unchanged for months.
Surging job market could prove costly for households, businesses as odds of quick rate cuts fade
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The US economy is stronger than expected.
Fewer US interest rate cuts expected after job gains surprise
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“Friday’s jobs report showed that hiring ended 2024 very robustly, which is supportive of the higher for longer narrative on interest rates, since the labor market is not being negatively affected by nearly three years of elevated interest rates.”
US adds surprisingly strong 256K jobs in December — dimming hopes for Fed rate cuts
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A strong labor market is a positive for the economy and the consumer, but could also thought to be inflationary.
US Payrolls Surge 256,000 in December, Unemployment Dips to 4.1 Percent
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The robust jobs report may also ease pressure on the Fed to continue to cut rates, given the Fed Chair Jerome Powell had cited some earlier signs of weakness in the labor market as one reason why the central bank began cutting rates in September.
Employers added 256,000 jobs in December, blowing past forecasts
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As the final jobs report of his administration, it’s a blowout for Joe Biden, who struggled to rally support around his economic agenda despite the economy strengthening after the pandemic.
US job market soars past expectations in last report before Trump retakes White House
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Yet his pledge to loosen regulations on companies and work with Congress to extend and expand tax cuts could embolden firms to step up hiring and investment.
Jobs report today: U.S. added booming 256,000 jobs in December, unemployment at 4.1%
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The surprisingly strong jobs report certainly isn't going to make the Fed less hawkish.
US economy added 256K jobs in December, well above expectations
Fox Business·2M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.Economists predict the job market in 2025 will be challenging for job searchers, and employers might be cautious in their hiring plans during the start of the year.
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On balance, however, forecasters project that hiring will begin to pick up again, albeit slowly, as overall economic activity continues at a steady clip and interest rates keep ticking down in the wake of Federal Reserve easing.
U.S. adds 256,000 jobs, as Biden leaves Trump with sturdy labor market
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In fact, U.S. gross domestic product – the nation’s output of goods and services — has expanded at a robust annual pace of 3% or more in four of the last five quarters.
US adds a strong 256,000 jobs in December as unemployment rate dipped to 4.1%
Boston Herald·2M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.Friday’s job report is expected to show that average hourly wages rose 0.3% last month from November and 4% from December 2023, according to the FactSet survey.
US Adds Strong 256K Jobs, Unemployment Dips to 4.1%
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Summary
In December, the U.S. economy added 256,000 jobs, exceeding forecasts and reducing the unemployment rate to 4.1%. Wage growth stabilized at 3.9% year over year, slightly below estimates. Following these reports, interest rates surged, with the 10-year Treasury yield reaching 4.75%. The Federal Reserve is now under pressure to reconsider its interest rate strategy, with some analysts suggesting potential hikes may be back on the table. President Biden is expected to highlight this job growth as a significant achievement in his administration's economic policy during his final days in office.
Perspectives
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