The American ten-year Treasury yield climbed several basis points while the dollar strengthened.

In December, the number of employed individuals increased by 256,000, surpassing market expectations of 165,000, as reported by Bloomberg. The November figure was revised to 212,000 from 227,000.

Unemployment stood at 4.1 percent in December, down from 4.2 percent in November. Analyst consensus was at 4.2 percent, according to Bloomberg.

Additionally, hourly wages rose by 3.9 percent on an annual basis, slightly below the expected 4.0 percent. The November figure was at 4.0 percent.

At 2:34 PM, the EUR/USD was stronger at 1.0222, compared to 1.0309 just before the release of the data. The previous day’s rate was 1.0301.

The yield on the ten-year US Treasury bond traded at 4.78 percent, up from 4.70 percent prior to the publication. The previous day’s rate was 4.68 percent.

On the Stockholm Stock Exchange, the OMXS30 index was down by 0.66 percent, compared to a decline of 0.28 percent just before the data was released.

In the United States, the number of new jobs (NFP) for December 2024 was 256,000, exceeding the consensus of 165,000. Previous months also showed strong job creation figures, indicating a robust labor market trend.

The steady decrease in unemployment rates and the consistent rise in hourly wages point towards a healthy job market and potential economic growth. This positive momentum could fuel consumer spending and business investments, driving overall economic expansion.

Overall, the latest employment data reflects a positive outlook for the US economy, with strong job creation and improving wage growth contributing to a stable and prosperous financial landscape.

Source: Bloomberg

By providing a detailed analysis of the latest employment data and its implications on the financial markets, this article aims to offer readers a comprehensive understanding of the current economic landscape in the United States. With a focus on key indicators such as job creation, unemployment rates, and wage growth, readers can gain valuable insights into the factors driving the US economy and shaping future market trends.

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