TechFlow news, January 10 — The UK's Financial Times commented on the non-farm payroll data, noting that the US created 256,000 jobs in December, surpassing expectations and reinforcing the Federal Reserve's rationale for slowing the pace of interest rate cuts.
The employment figures released Friday by the US Bureau of Labor Statistics exceeded the 160,000 jobs forecast by analysts surveyed by Reuters, as well as the downwardly revised figure of 212,000 jobs in November. The unemployment rate stood at 4.1%, down from 4.2% in November. The release of the December employment data coincided with a sell-off in global government bond markets, partly driven by growing expectations that the Federal Reserve will only implement modest rate cuts in 2025.
