In December 2024, the seasonally adjusted non-farm payroll employment in the United States increased by 256,000, significantly exceeding the expected 160,000. The unemployment rate decreased by 0.1 percentage points to 4.1%, and the average hourly wage rose by 0.3% month-on-month. Analysts at CNBC believe this strong jobs report dampened Wall Street's expectations for more rate cuts by the Federal Reserve this year, leading to a decline in the stock market.
