Hiring in the world's biggest economy stood at 256,000 last month, up from a revised 212,000 in November, the Labor Department said.
Lawmakers have suspended the debt ceiling -- a limit on government borrowing to pay for bills already incurred -- until January 1 next year.
The US consumer confidence index slipped to 104.7 in December, down from a revised 112.8 last month, The Conference Board announced in a statement.
The Fed is also tipped to signal a slower path of cuts going forward amid uncertainty over the impact of President-elect Donald Trump's economic proposals
The consumer price index (CPI) rose to 2.7 percent last month from a year ago
The lame-duck president's speech comes after Trump won a second term largely on the back of US voters' anger at high costs of living under Democrats.
The labour market's resilience is driving the economy through strong consumer spending, with the closely watched employment report from the Labor Department on Friday showing solid wage growth last month
Holiday shoppers largely browsed at brick-and-mortar stores, making more online purchases at some retailers, snapping up such items as pre-owned Rolex watches,
The Federal Reserve has a dual mandate from Congress to keep both inflation and unemployment under control, and recently began rolling back high interest rates in order to better support the labor market
Since 2019, the 25 percent of American workers with the lowest wages have been paid 5.4 percent more a year on average, compared with 3.8 percent raises for the country’s top 25 percent of earners
Consumer inflation data published Thursday showed that food prices rose by 2.2 percent in the 12 months to April -- masking some sharp differences between items.
The annual consumer price index (CPI) came in at 3.4 percent in April, down 0.1 percentage point from March
Gopinath told a fiscal forum at the IMF and World Bank spring meetings that US deficits are projected to rise for years with one of the world's steepest curves for debt.
In other words, the world is in disunion not just from wealth and income disparities, but through the widening digital and knowledge application gaps.
The consumer price index (CPI) came in at 3.2 percent last month
The jump in the unemployment rate after holding at 3.7 percent for three straight months reflected a further decline in household employment
The Federal Reserve System (Fed), the arbiter of monetary policy in the US, is facing a number of challenges
From tax cuts to new trade conflict with China, re-electing Trump will have a major economic impact
More companies are downgrading their earning estimation in the face of various economic and geopolitical factors
