US Labor Market Smashes Expectations, Wall Street Erases Post-Election Rally As Interest Rate Anxiety Grows: This Week In The Markets

Quick Summary:

In a shortened trading week due to Thursday’s funeral for former President Jimmy Carter, market activity reached a fever pitch on Friday.The U.S.economy boasted an impressive 256,000 nonfarm payrolls in December — a figure that made the consensus economist forecast of 160,000 jobs pale in comparison.

Wall Street wiped out its entire post-election rally this week as mounting interest-rate fears were stoked by a red-hot labor market, surging inflation expectations and escalating geopolitical tensions ahead of Donald Trump‘s return to the White House.

Additionally, the unemployment rate dropped to 4.1%, beating forecasts of 4.2%.In simple terms, the U.S.labor market ended 2024 firing on all cylinders.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets: United StatesCanadaMexico

Topics: Stories That Matter Large Cap ALL Donald Trump Analyst Color TRV Economics Macro Economic Events Inflation. US89417E1091 US0200021014 Tech Top Stories Government Labor market Regulations Benzinga Federal Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 21:33:44 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 25052150

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 23 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions