U.S. adds 256,000 jobs, as Biden leaves Trump with a sturdy labor market
www.nbcnews.com
The job market cooled down in 2024, but the year saw a burst in hiring in its last two months.

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.

  • DarkFuture@lemmy.worldEnglish
    8·
    4 hours ago

    1. Democrats improve economy (historically statistical fact).

    2. Idiot Americans don’t have all their wishes granted so they get mad and vote Republican.

    3. Democrats hand improved economy off to Republicans.

    4. Republicans fuck it up and hand it back off to Democrats.

    5. Rinse and repeat.

    • empireOfLove2@lemmy.dbzer0.comEnglish
      8·
      3 hours ago

      You forgot

      1. Corporate media and Republicans spend their entire term blaming Democrats for ruining the economy despite Republicans being actively in charge
      2. Dumb fucks believe them