US bucks expectations with 216,000 new jobs

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

The US bucked expectations by adding 216,000 jobs last month, capping a week in which strong economic data led investors to scale back their bets on interest rate cuts.

Friday’s non-farm payrolls figure, which was higher than both forecasts and November’s total of 173,000, came on the same day the eurozone reported…