Economy

US Payrolls Surge 256,000 in December, Unemployment Dips to 4.1 Percent

The U.S. labor market ends 2024 on a high note.
US Payrolls Surge 256,000 in December, Unemployment Dips to 4.1 Percent
A "now hiring" sign is posted at a Panda Express restaurant in Marin City, Calif., on Aug. 5, 2022. Justin Sullivan/Getty Images
Andrew Moran
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The U.S. economy finished 2024 on a positive note. In December 2024, job additions exceeded expectations, showcasing a robust labor market despite high interest rates, with the new Bureau of Labor Statistics data showing 256,000 new jobs last month, up from a downwardly revised 212,000 in November 2024.

Last month’s reading was above the trailing 12-month average of 189,500.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."