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Job Market Booms: 256K New Jobs in December, Unemployment at 4.1%

Writer's picture: Small Town Truth Small Town Truth

In December 2024, the U.S. labor market demonstrated unexpected strength, adding new 256,000 jobs and reducing the unemployment rate to 4.1%.


This job growth exceeded economists' forecasts and marked an increase from November's revised 212,000 jobs. The healthcare sector led the gains with 46,000 new positions, followed by retail and government sectors.


The robust job market has influenced financial markets, leading to a rise in the U.S. Treasury yields as investors adjust their expectations regarding Federal Reserve interest rate policies.


Overall, the U.S. economy added approximately 2.2 million jobs in 2024, with significant contributions from healthcare, social assistance, leisure, hospitality, and government sectors.This strong labor market performance has been a key factor in supporting consumer spending and sustaining economic expansion. 

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