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.

  • CharlesDarwin@lemmy.world
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    9 hours ago

    Don’t worry, donvict aims to fix that, because I keep getting told this is the worst economy ever, eggs cost 20 times what they used to, etc.

    I wonder what the Enlightened Centrists ™ and the dumbfucks that voted for donvict will be saying if/when donvict starts making things actually terrible.

    • DarkFuture@lemmy.world
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      3 hours ago

      I’m assuming idiot Americans will do what they always do and blame the party that is historically better for our economy, has a voting record of voting in favor of the middle/lower classes, hasn’t stripped half of Americans of a federally protected human right, and has WAY less convicted criminals in their ranks.

      Americans = Stupid

    • Aa!@lemmy.world
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      8 hours ago

      As is tradition, they will blame Democrats for the effects of policies chosen by Republicans