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.

  • DarkFuture@lemmy.worldEnglish
    4·
    4 hours ago

    At this point I’m done blaming Trump.

    This is on idiot Americans.

    Too many of us are braindead stupid. Trump can live or die, won’t change that.

    Our politics and politicians are a reflection of the people of this nation’s desires and level of intelligence.