The U.S. economy added 256,000 jobs in December, surpassing expectations, which signals a strong labor market and less likelihood of imminent rate cuts from the Fed.
Ausenbaugh asserted, 'The data underscored that this is a strong economy that doesn't currently need meaningful additional policy easing to see its expansion persist.'
Boussour noted that the economy gained 2.2 million jobs overall in 2024, signaling resilience, despite job additions being lower than in 2023.
The unemployment rate has remained steady at 4.1% or 4.2% for seven months, with 6.9 million people unemployed in December, indicating challenges remain.
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