Health care and government were the top two drivers of job creation in 2023 and 2024, but that could change under a new administration.

President Joe Biden will end his term with a relatively healthy labor market as the United States added a surprising 256,000 jobs in December and the unemployment rate ticked down to 4.1%.

These are today's mortgage and refinance rates. Mortgage rates inched up in response to data showing that the labor market is still running strong.

The U.S. job market again defied an anticipated slowdown, with firms adding more than a quarter of a million jobs in the last full month of Joe Biden's presidency and leaving Federal Reserve policymakers to puzzle over the need for more interest rate cuts in a strong economy.

Friday’s unexpectedly big increase in December nonfarm payrolls led to a diminished market-based likelihood for any rate cut by the Federal Reserve until September, based on one method of calculating expectations — and one big bank sees the risks tilting toward a rate hike.