U.S. Job Growth Beats Expectations in December, Easing Pressure on Fed for Rate Cuts
- U.S. economy added 216,000 jobs in December, exceeding expectations
- Job growth likely to ease pressure on Fed to accelerate interest rate cuts
- Wage growth remained strong, with a 4.1% increase over the past 12 months
- Job gains show the labor market remains relatively healthy
- Industries hit hardest by pandemic still lagging behind in recovery