Posted 1/4/2024, 8:27:20 PM
U.S. Job Market Stays Strong While Wall Street Waffles After Labor Data
- Wall Street fluctuates after latest U.S. labor market data shows resilient job growth
- European shares snap early 2023 losses, euro zone economic data lifts euro and bond yields
- Number of U.S. unemployment claims drops more than expected, indicating tight labor market
- U.S. ADP report shows higher than expected private job growth in December
- Federal Reserve minutes offer little clarity on potential timing of interest rate cuts