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US job growth surged unexpectedly in December, government data showed Friday, wrapping up a solid year for the labor market even as voters remain gloomy about the economy ahead of

US job growth surged unexpectedly in December, government data showed Friday, wrapping up a solid year for the labor market even as voters remain gloomy about the economy ahead of November's presidential election.Wage growth was steady in December, rising 0.4 percent from November 2023, said the Labor Department.

US job growth surged unexpectedly in December, government data showed Friday, wrapping up a solid year for the labor market even as voters remain gloomy about the economy ahead of Novembers presidential election.

Wage growth was steady in December, rising 0.4% from November 2023, said the Labor Department.

US job growth surged unexpectedly in December, government data showed Friday, wrapping up a solid year for the labor market even as voters remain gloomy about the economy ahead of

The December jobs report, due Friday morning, is expected to show the labor market is continuing to moderate due to higher interest rates and inflation.

Inflation slowed much faster than expected last year, but economists still aren’t optimistic that the inflation problem will be solved for another year — if not more.

The U.S. economy has been surprisingly resilient and dodged recession forecasts for more than a year now. Even so, economists say the risks of one are still high.

The majority of experts (93 percent) surveyed for Bankrate’s latest Economic Indicator poll say the Fed will cut rates in 2024.

Experts have now upgraded their forecasts for the labor market for three consecutive quarters, though they continue to expect a hiring slowdown.