U.S. employers added more than a quarter-million jobs in December, exceeding expectations, with the unemployment rate dipping to 4.1%, showcasing a resilient job market.
While the pace of hiring has slowed, on average, employers have added 165,000 jobs a month in the last six months, keeping the unemployment rate low.
Although wages are not climbing as fast as they once were, they still outpaced inflation, allowing workers' paychecks to stretch further amid ongoing economic concerns.
The Federal Reserve remains cautious about cutting interest rates despite high inflation and job market fluctuations, indicating a careful approach to economic stability.
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