WASHINGTON — U.S. job growth surged and unemployment fell last month, an unexpected show of strength that may prove costly to homebuyers and businesses who were counting on sharply lower interest rates to lower the cost of buying everything from refrigerators to homes. Employers added 256,000 jobs last month, up from 212,000 in November, the Labor Department reported Friday. Unemployment, which was expected to hover around 4.2%, fell to 4.1% last month.

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BING NEWS:
  • Surging U.S. job market could prove costly for households, businesses as odds of quick rate cuts fade
    Over the past few years, the strength of the U.S. economy and the job market have surprised almost everyone. Responding to inflation that hit a four-decade high two and a half years ago, the Fed ...
    01/10/2025 - 6:08 am | View Link
  • Surging job market could prove costly for households, businesses as odds of quick rate cuts fade
    U.S. 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.
    01/10/2025 - 6:06 am | View Link
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