US unemployment rate falls to 4.1% in December

The US unemployment rate fell slightly in December to 4.1%, confounding expectations for a hold at 4.2%.

December job growth was much stronger than expected, which could give the Federal Reserve less incentive to cut interest rates this year

Nonfarm payrolls rose by 256,000 jobs during the month, up from 212,000 in November but below the Dow Jones consensus forecast of 155,000, according to a report from the Bureau of Labor Statistics on Friday.