The Labor Department released its jobs report for December, which showed the U.S. economy added 256,000 jobs last month, well above economists' expectations.

The U.S. labor market cooled substantially in 2024, as employers sharply curtailed hiring and workers faced increasing difficulty finding jobs, although there are no signs of a recession.

Payrolls: 256,000 jobs added in December vs. 153,000 expected, according to economists surveyed by FactSet. Unemployment rate: 4.1%, down from 4.2% in November. Revisions: October

The U.S. economy created a burst of new jobs in December, capping a solid year of employment growth marked by big gains in healthcare and government payrolls.

The U.S. economy added 256,000 jobs in December and the unemployment rate edged down to 4.1%, the Labor Department said Friday. Last month’s gain in nonfarm payrolls was the biggest since March and well above the 155,

The U.S. added 256,000 jobs in December, the Bureau of Labor Statistics reported Friday. The number may give the Federal Reserve less incentive to cut interest rates this year.

US hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy’s resilience in the face of high interest rates. The Labor Department reported Friday that job growth was up last month from 212,

In a big surprise for economists, the U.S. economy added 256,000 jobs in December, dropping the unemployment rate to 4.1%. The consensus estimate on Decemb