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The U.S. economy added 216,000 jobs in December, closing out 2023 strong and beating expectations set by economists, the Labor Department said Friday.
The unemployment rate held at 3.7% while payroll gained from November’s figure of 173,000. Economists had been expecting the unemployment rate to increase to 3.8%, according to the U.S. Bureau of Labor Statistics.
This is a developing story. Please check back for updates.
The attempt to backtrack and calm Americans comes after the markets suffered losses for the second consecutive day.
The Dow Jones Industrial Average closed down 890 points -- 2% -- while the S&P 500 closed down 2.7%.
Trump told host Maria Bartiromo that the country will go through a 'period of transition'.
Trump also announced an additional 10% tariff on Chinese goods 'above any additional Tariffs'.
