Friday’s jobs report was “even more important” than normal as the market adjusts its assessment of the direction of the economy.

Payrolls: 256,000 jobs added in December vs. 153,000 expected, according to economists surveyed by FactSet. Unemployment rate: 4.1%, down from 4.2% in November. Revisions: October

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.

The economy created 256,000 jobs in December, much stronger than what was predicted by Wall Street experts and more than 40,000 from the previous month, the Labor Department in its report released on Friday.

US hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy’s resilience in the face of high interest rates. The Labor Department reported Friday that job growth was up last month from 212,

The December jobs report is set to be released later Friday morning and it's expected to show slowing growth. According to a survey of forecasters by the data firm FactSet, U.S. employers are expected to have added 153,

The last full month's worth of jobs figures under President Joe Biden surprised economists yet again, as December's nonfarm payrolls vaulted over estimates, making a January pause in the Federal Reserve's rate-cutting cycle look all but certain.