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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 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 November's presidential election.
Here's how to read one of the Fed's most closely watched economic projections — and why you might want to take it with a grain of salt.