In 2024, employers ended the year on a high note with a significant increase in hiring, adding 256,000 jobs in December, leading to a healthy unemployment rate of 4.1 percent. The strong employment growth signaled renewed vigor after a period of reserve, with average hourly earnings rising above inflation. Although the robust numbers may deter further interest rate cuts, the economy under President Biden has shown remarkable resilience, with a broad range of industries contributing to the positive trend, despite some challenges ahead for the labor market.
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Israel and Hamas agree Gaza ceasefire
Israel and Hamas have agreed to a deal to halt the war in Gaza and free the remaining hostages, with Donald Trump's intervention providing renewed momentum to the long-stalled talks. The multiphase agreement includes a 42-day truce for the release of Israeli hostages, followed by negotiations for a permanent ceasefire and reconstruction of Gaza under international supervision. The conflict, triggered by Hamas's attack in 2023, has resulted in thousands of casualties and widespread destruction in...
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