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.
As always, democrat leaves solid economy, Republican comes in and trashes it then at the end claims that initial sturdy economy was all the Republicans.
Don’t worry though, trump will toss all this off a cliff so hard that we’ll be in a deep recessi by this time next year