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.

    • Eldritch@lemmy.worldEnglish
      3·
      8 hours ago

      Yes and no. There’s going to be thousands of agriculture etc jobs opening up under him. The problem is there won’t be willing or qualified applicants.

      Which will at once increase demand for labor. Thus increasing costs for oligarchs. But at the same time throw a monkey wrench into basic supply chains. Causing shortages and crises. He’s literally going to hurt everyone. But we all knew that.

      • phdepressed@sh.itjust.works
        3·
        7 hours ago

        The oligarch are just going to raise prices. The farmer is going to get boned. I expect that to take a bit though, he’s vengeful he’s going to start with blue states and cities first. So life gets worse for Dem areas first then Dems can be blamed for it as the effects spread to Red areas. Not any different from the Covid response.

        • Eldritch@lemmy.worldEnglish
          3·
          6 hours ago

          That will absolutely be their first course of action. The problem with it being. They are near pricing themselves out of the market on many things as is. Quite a lot of inflation has been because of Market control and collusion. Not actual increase in costs. Consumers are struggling currently. Pushing at any harder very likely could cause collapse. Not that many oligarchs won’t. They’re that out of touch.