Job growth in December exceeded expectations with nonfarm payrolls increasing by 256,000, up from 212,000 in November and surpassing the 155,000 forecast from the Dow Jones consensus, according to the Bureau of Labor Statistics. This strong job growth is likely to reduce the Federal Reserve’s motivation to cut interest rates this year, as the robust employment data indicates a healthy economy and may lead to a more cautious approach to monetary policy.
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Explosion partly destroys house in Nottinghamshire
A major incident has been declared in Worksop, Nottinghamshire, following a suspected gas explosion that partially destroyed a terrace house on Saturday evening. Emergency services, including fire crews and the East Midlands ambulance service, evacuated nearby homes to ensure the safety of residents and to account for all individuals in the area. As of Saturday night, it was still uncertain if the explosion had resulted in any casualties. Full Article
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