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.

  • empireOfLove2@lemmy.dbzer0.comEnglish
    161·
    1 day 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
    • itsonlygeorge@reddthat.com
      3·
      12 hours ago

      You forgot:

      1. Republicans try to privatize previously public programs and institutions they intentionally destroyed for the benefit of their rich shareholders.

      2. Tax cuts for corporations, pay raises for Congress, handouts and government contracts to their rich oligarch friends.

      3. Start new territorial wars to capture more resources. Profit from the sales of weapons and military funding.

      4. Create another trillion dollars of debt and print some money to cover the interest costs thus raising inflation and blaming it on the Democrats who are not even in charge.