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.

  • faceula@lemmy.world
    32·
    6 hours ago

    Yeah I mean it’s not like inflation was managed well or anything. It’s worse than it was when he (Biden), got in. No, wait… my mistake

    • theonlytruescotsman@sh.itjust.worksEnglish
      13·
      5 hours ago

      Inflation is you higher now than when Biden was elected, just not for the few factors the government considers inflation for. Housing is more expensive than ever before in US history, and has increased in cost more in the last four years than the proceeding 50.

      Biden will go down as one of the worst presidents in world history.

      • faceula@lemmy.world
        11·
        4 hours ago

        Hahaha amazing thoughts. I disagree and also you’re very wrong. No deep throat here, I think we’ll find.

          • faceula@lemmy.world
            11·
            3 hours ago

            I’m pretty sure the next white gammon rhino will definitely address that. Or was he part of the initial cause?

            • theonlytruescotsman@sh.itjust.worksEnglish
              1·
              3 hours ago

              So Trump is so infinitely powerful that he’s definitely the sole cause of the issues under Biden?

              Or is your contention that Biden was so inept he did less than nothing to help Americans?

              One of those has to be true for your logic to work out, which is it?

              • faceula@lemmy.world
                11·
                3 hours ago

                Yeahhhh we’re definitely going to solve this here (/s). I’m messing around with you so much because there is simply no way this debate is meaningful, credible, worthwhile and of any merit whatsoever. The very notion that your opinions or mine hold water, to actually affect anything is laughable. I find it incredible that people actually engage in this. We’re all shouting into the void. For every point you say about Biden, we could find multiple contrasting for Trump. I care nothing for either of them. I do care however for people that matter. Trump and Biden both give no fucks about us however. Nor does any billionaire on this planet. Yet people rush to point the flaws. They’re both shit people with many flaws. I just believe however that Trumps flaws are greater and more damaging to people like me (not a millionaire). Nope I’m one of the exploited ones that seems to lose money to these clowns just by being alive and trying to live. Also re reading your comments is funny. Heads you win, tails I lose. Are you even a voting American?