'Stronger than expected' US jobs market shakes faith in imminent rates cuts

216,000 new jobs

clock • 1 min read

US total nonfarm payroll employment increased by an unexpected 216,000 in December 2023, according to data from the Bureau of Labor Statistics, which has raised questions over market expectations of imminent cuts to interest rates.

To continue reading this article...

Join Investment Week today

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Investor confidence rises in 'early thumbs-up' for Burnham as PM

Investor confidence rises in 'early thumbs-up' for Burnham as PM

Boring Money index

clock 04 August 2026 • 2 min read
John Healey to deliver first Autumn Budget on 28 October

John Healey to deliver first Autumn Budget on 28 October

Chancellor pledges ‘fiscal discipline’

Isabel Baxter
clock 03 August 2026 • 2 min read
US Fed votes 9-3 against hike in 'sloppy hold'

US Fed votes 9-3 against hike in 'sloppy hold'

Fifth consecutive hold

clock 30 July 2026 • 3 min read
Trustpilot