Stock market plunges after better-than-expected December jobs report
The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News contributor Javier David explains why investors see the better-than-expected jobs report as a bad thing.
"I think really the market is saying maybe no rate cuts in 2025, and that the 10-year could very easily break well above 5%," ...
NEW YORK, - A recent surge in U.S. Treasury yields may gain even more momentum after a strong jobs report reinforced ...
The surprising 256,000 increase in new jobs in December and a declining unemployment rate is good news, but the latest ...
The Dow Jones Industrial Average ( ^DJI) sank about 1.6%, or close to 700 points, while the S&P 500 ( ^GSPC) also fell 1.5%.
US job growth surged in December, surpassing expectations. The services sector drove gains, but wage growth slightly slowed.
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