US economy added 256K jobs in December, well above expectations

The U.S. economy added 256,000 jobs in December, surpassing expectations, while the unemployment rate dropped to 4.1%.

Private sector payrolls rose by 223,000, with significant job gains in healthcare (46,100), retail (43,400), and leisure and hospitality (43,000).

However, manufacturing saw a surprising loss of 13,000 jobs. Wage growth was steady, with average earnings increasing 0.3% monthly and 3.9% annually.

The labor force participation rate remained at 62.5%, Fox Business has reported.

read more: https://www.foxbusiness.com/economy/us-jobs-report-december-2024

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