The US workforce added 216,000 jobs last month, more than expected by economists, capping another robust year of growth in the face of higher interest rates. Policymakers, weighing when to start cutting borrowing costs, are closely monitoring the strength of the labor market as they try to guide the world’s largest economy to a so-called “soft landing”, where price growth normalizes and recession is avoided. American employers had been expected by economists to add about 164,000 jobs in December, down from 173,000 the previous month. Friday’s official data showed that 2.7m jobs were added in the US economy over the course of last…
