The US economy in December added the most jobs since March and the unemployment rate unexpectedly fell, capping a surprisingly strong year and supporting the case for a pause in Federal Reserve interest rate cuts.
Nonfarm payrolls increased 256,000, exceeding all but one forecast in a Bloomberg survey of economists. The unemployment rate fell to 4.1 per cent, while average hourly earnings rose 0.3 per cent from November, a Bureau of Labour Statistics report showed.
