New Straits Times on Nostr: US hiring beats expectations in December to cap solid year ========== US job gains in ...
US hiring beats expectations in December to cap solid year
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US job gains in December 2024 reached 256,000, surpassing expectations of 154,000; November's hiring was revised to 212,000; unemployment rate decreased to 4.1% from 4.2%; outgoing President Joe Biden highlighted 21 million new business applications during his term; 2.2 million jobs created in 2024, the slowest since 2020; KPMG's Diane Swonk noted job growth was still above 2019 levels; Trump’s return may introduce economic uncertainty; average hourly earnings rose by 0.3% to $35.69; sectors with job growth included health care, government, and retail; economists predict the Fed will maintain interest rates steady in the first half of 2025.
#UsEconomy #JobGrowth #Unemployment #Biden #Trump #LaborMarket #InterestRates #December2024 #EmploymentData #EconomicOutlook
https://www.nst.com.my/business/economy/2025/01/1159783/us-hiring-beats-expectations-december-cap-solid-year
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US job gains in December 2024 reached 256,000, surpassing expectations of 154,000; November's hiring was revised to 212,000; unemployment rate decreased to 4.1% from 4.2%; outgoing President Joe Biden highlighted 21 million new business applications during his term; 2.2 million jobs created in 2024, the slowest since 2020; KPMG's Diane Swonk noted job growth was still above 2019 levels; Trump’s return may introduce economic uncertainty; average hourly earnings rose by 0.3% to $35.69; sectors with job growth included health care, government, and retail; economists predict the Fed will maintain interest rates steady in the first half of 2025.
#UsEconomy #JobGrowth #Unemployment #Biden #Trump #LaborMarket #InterestRates #December2024 #EmploymentData #EconomicOutlook
https://www.nst.com.my/business/economy/2025/01/1159783/us-hiring-beats-expectations-december-cap-solid-year