A December gain of 256,000 blew past forecasts, and unemployment fell to 4.2 percent. But markets recoiled as interest rate cuts seemed more distant.

Heinz Meyhuber worked in the backshop, which is the point of this missive. I saw Heinz's obituary at InForum.com this week. He was 88 years old. He retired from The Forum in 1995. Got me thinking.

The unemployment rate, which is derived from a separate survey, ticked down to 4.1% from 4.2% the prior month. Economists ...

Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.

The U.S. labor market cooled substantially in 2024, as employers sharply curtailed hiring and workers faced increasing ...

U.S. hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy's resilience in ...