The U.S. job market again defied an anticipated slowdown, with firms adding more than a quarter of a million jobs in the final month of 2024 and leaving Federal Reserve policymakers to puzzle over the need for more interest rate cuts in a strong economy.
The gain of 256,000 jobs in December went well beyond the 160,000 expected by economists in a Reuters poll.
The unemployment rate, as reported in the Labour Department's monthly jobs report, ticked down to 4.1% from 4.2%.
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