US Labor Participation Drops to Lowest Level in Nearly a Year

Black Unemployment Rate Tumbles

S&P 500 Futures Reverse Losses

Odds for March Rate Cut Holding Around 50%

Education/Health, Leisure/Hospitality Drove Payroll Gains

CORRECT: Duration of Employment Is Highest Since January 2023

845,000 People Left Workforce in December

Dissonance Between Household and Payroll Surveys

Labor Participation Rate Slumps to Lowest Level Since February

March Fed Rate-Cut Chances Dim on Strong Jobs Data

Stock Futures Hit Session Lows

Wage Gain Stronger Than Expected

Treasury Yields Jump

Two-Month Payroll Revisions Show 71,000 Reduction in Gains

Unemployment Rate 3.7%; Est. 3.8%

US Dec. Nonfarm Payrolls Rise 216k M/M; Est. +175k

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