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USNonFarmPayrollReport
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US December Jobs Data
US payrolls rose 50K in December, below estimates, while previous months were revised lower. The unemployment rate edged down to 4.4%, slightly better than forecasts.
Wage growth held steady at 0.3% month on month, with yearly growth near 3.8%. The average workweek slipped to 34.2 hours.
Markets now see the Federal Reserve staying cautious on rate cuts, as US 10 year yields briefly touched 4.21%.
#USNonFarmPayrollReport #SPX
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