On January 10, 2025, the US Bureau of Labor Statistics reported that nonfarm payrolls increased by 256,000 in December, indicating a robust labor market. This figure follows a slight downward revision of the previous two months' employment data.
The unemployment rate experienced an unexpected decline, reaching 4.1%. Additionally, average hourly earnings saw a rise of 0.3% compared to November, reflecting ongoing wage growth amid a tightening labor market.