U.S. employment 'surprise increase' in December last year...Highest in 11 months

2025.01.11. AM 00:11
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Amid strong growth in the U.S. economy, the number of jobs increased significantly and unemployment fell in December last year than expected.

Nonfarm jobs rose by 256,000 in December from the previous month, the largest increase in 11 months since January last year, according to the U.S. Department of Labor.

It also significantly exceeded Dow Jones' forecast of 155,000 experts and significantly exceeded the average increase of 150,000 in the second and third quarters of last year.

U.S. employment growth, which had fallen to around 40,000 in the wake of hurricane damage and Boeing strikes in October last year, rebounded to 212,000 in November and then recorded a surprise increase in December.

The unemployment rate was 4.1%, down from 4.2% the previous month and below expert expectations by 0.1%.

As the labor market is stronger than expected, the observation that the Fed could stop further cuts, going further from slowing the pace of rate cuts, is also expected to weigh in.

Fed board member Michelle Borman, a hawkish, said further rate cuts were unnecessary on the basis of strong economic growth and labor market conditions amid stagnant inflation.




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