U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1%
- U.S. Payrolls increased by 256,000 jobs in December, exceeding expectations by about 100,000, according to the Bureau of Labor Statistics.
- The unemployment rate fell to 4.1% in December, down from 4.2% in November, and held steady around 4% throughout 2024.
- Workers' earnings improved, with a 3.9% increase per hour and a 3.6% increase per week compared to the previous year, despite inflation concerns.
- The Federal Reserve's interest rate cuts aimed to stabilize the economy as inflation appeared to cool, according to Cornell ILR Buffalo Co-Lab Research Director Russell Weaver.
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Coverage Details
Total News Sources0
Leaning Left22Leaning Right23Center29Last UpdatedBias Distribution39% Center
Bias Distribution
- 39% of the sources are Center
39% Center
L 30%
C 39%
R 31%
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