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Blackvegetable » Today, 7:34 am » wrote: ↑

Today, 7:34 am

Including December’s gains, which are subject to revision, the economy added about 2.2 million jobs in 2024, an average of 186,000 jobs per month. That’s in line with annual totals from 2017 to 2019 but marks a slowdown from the blowout gains seen during the pandemic recovery during the prior years.

 “The labor market is strong, and in an aggregate sense, it really doesn’t get much better than this,” Elizabeth Crofoot, senior economist at labor analytics firm Lightcast, told CNN. “There’s very robust job growth. We have low unemployment — it ticked down in the latest month. Layoffs are low. People have jobs, and they are spending, and that continues to bolster the economy and the labor market.”

 The US has now added jobs for 48 months in a row, tying the second-longest period of employment expansion on record.

 Friday’s data also appears to cap off a historic achievement for President Joe Biden: Barring revisions, he’s the first US president to oversee monthly job gains for the entirety of his presidency, according to BLS records that go back to 1939

https://www.cnn.com/2025/01/10/economy/ ... index.html

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