Unemployment Rate Dipped to 4.1%
A worker assembles a bridge ventilator in New York. (Mark Kauzlarich/Bloomberg)
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WASHINGTON — U.S. hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy’s resilience in the face of high interest rates.
The Labor Department reported Jan. 10 that job growth was up last month from 212,000 in November.
For all of 2024, the economy added 2.2 million jobs, a solid number but down from 3 million in 2023, 4.5 million in 2022 and a record 6.4 million in 2021 as the economy bounded back from massive pandemic layoffs.
The monthly numbers beat forecasters’ expectation of around 155,000 new jobs and 4.2% unemployment. Health care and government jobs led the December increase.
Payroll employment rises by 256,000 in December; unemployment rate changes li…
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