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The unemployment rate was 4.4% in December as 50,000 nonfarm jobs were added in the U.S., lower than Wall Street’s estimates for unemployment to remain at 4.5% and an expected 55,000 jobs, according to FactSet.

The Labor Department added 8,000 adjusted unemployment claims for the week ending Jan. 3, which totaled 208,000 -- the least since April 2024.

The U.S. unemployment rate edged down to 4.4% in December but the economy added just 50,000 jobs, according to the latest report.

Cyclical unemployment is unemployment driven by the business or economic cycle. It can be important for investors to understand. Read on to learn more.

Marylanders who received unemployment insurance are now getting letters saying they owe that money back, sometimes thousands of dollars for claims dating back to the pandemic.

Sluggish December hiring concluded a year of weak employment gains that have frustrated job seekers even though layoffs and unemployment remained low. Employers added just 50,000 jobs last month, nearly unchanged from a downwardly revised figure of 56,

A surprise drop in the unemployment rate in December is likely to keep the Federal Reserve on course to take a breather from cutting interest rates later this month.