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.
“Sure, the current bus driver fixed the sugar in our gas tank, replaced our flat tires, and got us on the road again. But I still think we should give the previous driver another chance—he promised to drive us to Greenland!”
What seems to be weird is that “the market” is reacting to this news as if it is bad. From what I gather, it’s because they aren’t going to get the cheap money they were hoping for (meaning, slashing interest rates, again) because the Fed isn’t likely to race to cut them because of jobs?
So now the Dow and S&P are sharply down today…
And Trump is going to manage to ruin it to benefit a few old rich monsters.
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.
The oligarch are just going to raise prices. The farmer is going to get boned. I expect that to take a bit though, he’s vengeful he’s going to start with blue states and cities first. So life gets worse for Dem areas first then Dems can be blamed for it as the effects spread to Red areas. Not any different from the Covid response.
That will absolutely be their first course of action. The problem with it being. They are near pricing themselves out of the market on many things as is. Quite a lot of inflation has been because of Market control and collusion. Not actual increase in costs. Consumers are struggling currently. Pushing at any harder very likely could cause collapse. Not that many oligarchs won’t. They’re that out of touch.
You mean like what’s been happening?
And all these idiots voted trump “for the economy”
Real wages are declining, so the economy is bad. https://en.m.wikipedia.org/wiki/Personal_income_in_the_United_States#/media/File:Wages_in_the_United_States.webp
So why make it worse? Electing trump to fix wages and the economy. Is like opting for castration to treat ED.
Trump voters elected Trump because Biden and Harris kept lying, and even Schumer keeps trying this lie that the economy is doing great.
It’s not unless you’re too wealthy to care. Trump acknowledged that people are actively suffering worse than any point in the last two decades.
This comment isnt supporting Trump or suggesting he’ll fix things, but if you people sont start understanding why things happen and why Dems lost, you’ll just keep making up things against your fellow workers and lose even worse in 2026 and 2028.
Uahahahaba Good analogy. I agree.
As someone actively applying to jobs:
Bullshit. What “jobs?” Part time roles at Wal Mart???
These reports now include gig jobs so yeah. I’d like to see how many of these are just people picking up a second (or third, or fourth) job to make ends meet
Exactly! Every time they report this bs, I think “how many provide a living wage?” Hope you find something soon
Don’t worry. Good ol’ Trumperina will find a way to say that he did that.
Sturdy doesn’t mean it’s stable or affordable. Second record high of homelessness, higher than last years record high by 18%, 33% increase since 2020. Credit default through the roof, auto repossession through the roof, 53% of renters can’t afford rent. He’s handing trump a shitty economy which will likely continue to get worse.
Yeah I mean it’s not like inflation was managed well or anything. It’s worse than it was when he (Biden), got in. No, wait… my mistake
Inflation is you higher now than when Biden was elected, just not for the few factors the government considers inflation for. Housing is more expensive than ever before in US history, and has increased in cost more in the last four years than the proceeding 50.
Biden will go down as one of the worst presidents in world history.
It’s mostly the tech industry who is suffering this year.
We’re less than 2 weeks into the year.
Don’t worry, donvict aims to fix that, because I keep getting told this is the worst economy ever, eggs cost 20 times what they used to, etc.
I wonder what the Enlightened Centrists ™ and the dumbfucks that voted for donvict will be saying if/when donvict starts making things actually terrible.
As is tradition, they will blame Democrats for the effects of policies chosen by Republicans
