US added 216000 jobs in December unemployment rate unchanged

The US added 216,000 jobs in December, as reported by the Bureau of Labor Statistics, coming in significantly higher than previous estimates of 175,000 and Wall Street's own economic forecasts.
ADP Chief Economist Nela Richardson and Wolfe Research Chief Economist Stephanie Roth sit down with Yahoo Finance to go over December's jobs print and if results are already falling in line with the Federal Reserve's outlook for 2024.
"Our base case has been that the Fed is going to cut in Q2, I think March is a bit early," Roth says. "I think that still puts that in play. the report was a bit interesting."
"Now we see a resurgence in December in the private sector," Richardson says, referencing private payroll data. "Again, a healthy dose of leisure and hospitality after it had been declining for several months prior, and then continued strength in healthcare.
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