U.S. labor market report: Fed balances to avoid financial correction risks amid rising government bond yields

On January 10, 2025, the U.S. Bureau of Labor Statistics released a report showing job growth in the U.S., which unexpectedly accelerated in December 2024 to 256 thousand jobs compared to the October figure of 254 thousand. The unemployment rate in the US, in turn, fell to 4.1%.

A report from the US Bureau of Labor Statistics highlighted the resilience of the US economy. An unexpected acceleration in job growth from October to December 2024 shows employers' confidence in the stability of the US labor market.

The decline in the unemployment rate to 4.1% demonstrates the steady absorption of labor by the economy, which is becoming a crucial factor in supporting consumer activity, which is a key driver of US GDP growth.