By Andrew Moran U.S. payrolls climbed less than expected in December, while the unemployment rate came in below market estimates, signaling a U.S. labor market holding steady to finish 2025. The economy added 50,000 new jobs last month, down from 56,000 payroll gains in November, according to the Bureau of Labor Statistics on Jan. 9. […]
Tag: Federal Reserve System
The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.
