U.S. adds 256,000 jobs, as Biden leaves Trump with sturdy labor market

www.nbcnews.com

100

U.S. adds 256,000 jobs, as Biden leaves Trump with sturdy labor market

www.nbcnews.com

@MicroWave to

politics English • 8 hours ago

Layoffs remain subdued, but with a few exceptions, hiring in many industries has largely ground to a halt.

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.

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