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.
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.