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US and Canada Report Strong Job Growth in December

1/10/2025

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Story summary
  • The US economy created 256,000 jobs in December, reducing the unemployment rate to 4.1%.
  • The Bank of England's Governor visited China to enhance economic relations amid rising borrowing costs.
  • Canada added 91,000 jobs in December, decreasing the unemployment rate to 6.7%.
  • Job growth was primarily driven by the public sector, healthcare, and educational services.