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US: What to expect from the final jobs report for 2024
In 2024, job growth continued to cool off, settling back into a familiar gait that was roughly in line with the pace of job creation in 2010-2019. Through November, the US economy added about 180,000 jobs per month. The unemployment rate bumped higher but stayed near historic lows. Those headline measures helped lend some reassurance that the resilient and growing US economy is slowly heading toward that elusive “soft landing” of reining in inflation without cratering into a recession. How that likely shaped up through December should become a lot clearer on Friday when the Bureau of Labor Statistics releases the ... (full story)
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- Posted: Jan 10, 2025 5:18am
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