Jobs Report Today: December Hiring Smashes Estimates

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Payrolls: 256,000 jobs added in December vs. 153,000 expected, according to economists surveyed by FactSet.

Unemployment rate: 4.1%, down from 4.2% in November.

Revisions: October and November’s numbers were revised lower by about 8,000 fewer total jobs than previously reported.

Market reaction: Stock futures are sliding.

Interest rates: Odds of a cut in the first half of 2025 fell.