Summary
The U.S. added 256,000 jobs in December, lowering the unemployment rate to 4.1%, outperforming expectations and reflecting a resilient labor market as President Biden leaves office.
Despite earlier inflation overshadowing a strong labor recovery post-COVID, hiring remains steady, layoffs subdued, and job openings rising.
Forecasters predict gradual hiring growth in 2025, with small-business optimism and easing Federal Reserve policies driving gains.
Economic indicators, like increased consumer borrowing for auto purchases, suggest mixed but improving confidence.
As someone actively applying to jobs:
Bullshit. What “jobs?” Part time roles at Wal Mart???
These reports now include gig jobs so yeah. I’d like to see how many of these are just people picking up a second (or third, or fourth) job to make ends meet
Exactly! Every time they report this bs, I think “how many provide a living wage?” Hope you find something soon