Washington, D.C. - Jan. 10, 2025 - December 2024, the U.S. economy added 256,000 jobs, significantly exceeding the forecasted 155,000 and marking the strongest job growth since March. The unemployment rate dipped to 4.1%, down from 4.2% in November. This robust performance signals a resilient labor market, bolstered by growth across various sectors, despite ongoing economic uncertainties.

The stronger-than-expected jobs data suggests the Federal Reserve may delay interest rate cuts, opting to maintain higher borrowing costs for an extended period to manage inflationary pressures. Following the report, U.S. Treasury yields rose, and stock markets experienced declines as investors adjusted to the prospect of prolonged higher interest rates. These developments underscore the continued balancing act between supporting economic growth and addressing inflation concerns.