Financial Times of England commented on non-farm data, the United States created 256,000 jobs in December, exceeding expectations, and supporting the reasons for the Fed to slow down its rate cuts. The number of employed people announced by the US Bureau of Labor Statistics on Friday exceeded the 160,000 expected by Reuters analysts, also higher than the revised 212,000 in November. The unemployment rate was 4.1%, while in November it was 4.2%. As December employment data was released, there was a sell-off in the global bond market, partly because people increasingly expected the Fed to make a small rate cut in 2025.
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Financial Times of England commented on non-farm data, the United States created 256,000 jobs in December, exceeding expectations, and supporting the reasons for the Fed to slow down its rate cuts. The number of employed people announced by the US Bureau of Labor Statistics on Friday exceeded the 160,000 expected by Reuters analysts, also higher than the revised 212,000 in November. The unemployment rate was 4.1%, while in November it was 4.2%. As December employment data was released, there was a sell-off in the global bond market, partly because people increasingly expected the Fed to make a small rate cut in 2025.