December jobs report: Strong 256,000 increase raises fresh inflation worries
The surprising 256,000 increase in new jobs in December and a declining unemployment rate is good news, but the latest employment reports masks recent softness in the labor market. The increase in new jobs in December, for example, was centered on just four industries: Health care, government, retail and leisure and hospitality.
jobs, December
"Markets tried to front-run the Fed on the level of interest rates and are now paying the price," Jamie Cox of Harris ...
The Dow Jones Industrial Average ( ^DJI) sank about 1.6%, or close to 700 points, while the S&P 500 ( ^GSPC) also fell 1.5%.
In 2024, job growth continued to cool off, settling back into a familiar gait that was roughly in line with the pace of job creation in 2010-2019.
"I think really the market is saying maybe no rate cuts in 2025, and that the 10-year could very easily break well above 5%," ...
A recent surge in U.S. Treasury yields may gain even more momentum after a strong jobs report reinforced expectations that ...
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