December Jobs Report: Labor Market Grew Faster Than Expected As Unemployment Clocks In At 4.1%

1. U.S. added 256,000 jobs in December, exceeding expectations significantly. 2. Unemployment rate fell to 4.1%, better than the anticipated 4.2%. 3. Average hourly wages increased 0.3%, marking 45 consecutive months of wage growth. 4. Labor market stability may reduce urgency for Federal Reserve rate cuts. 5. Second-most job cuts announced by companies since 2009, despite strong job growth.