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Johnny2X2X

(22,519 posts) Fri Jan 10, 2025, 09:34 AM Jan 10

BLS Jobs report beats expectations, Adds 256,000 jobs, UE falls to 4.1%

https://www.bls.gov/news.release/empsit.nr0.htm

This is arguably the last Biden jobs report, although in reality, he should own next month's too, but this 4.1% will be the UE rate everyone says Trump inherited. Biden was the greatest jobs president in US history.

Wage growth also stays strong at +3.9%, well over inflation for years running now.

4 replies

= new reply since forum marked as read

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BLS Jobs report beats expectations, Adds 256,000 jobs, UE falls to 4.1% (Original Post) Johnny2X2X Jan 10 OP

Im hedging a little out of the market Johonny Jan 10 #1

Still in Johnny2X2X Jan 10 #2

Im not out Johonny Jan 10 #3

Job growth skyrocketed in December, boosting one of the strongest labor markets in US history LetMyPeopleVote Jan 10 #4

Johonny

(23,006 posts)

1. Im hedging a little out of the market

Reply to Johnny2X2X (Original post)

Fri Jan 10, 2025, 09:59 AM

Jan 10

Economic data is decent, buy Jan 20th drama has sell the fact vibes.

Johnny2X2X

(22,519 posts)

2. Still in

Reply to Johonny (Reply #1)

Fri Jan 10, 2025, 10:02 AM

Jan 10

I won't try to time the market regardless, but I think the economy right now is fundamentally strong and it will take Trump longer than this year to blow it up.

Johonny

(23,006 posts)

3. Im not out

Reply to Johnny2X2X (Reply #2)

Fri Jan 10, 2025, 10:03 AM

Jan 10

Just hedging a little out, as I think the shock and awe of Jan 20th has a lot of uncertainty built in.

LetMyPeopleVote

(159,674 posts)

4. Job growth skyrocketed in December, boosting one of the strongest labor markets in US history

Reply to Johnny2X2X (Original post)

Fri Jan 10, 2025, 07:48 PM

Jan 10

President Biden is the best president at creating jobs. The US has now added jobs for 48 months in a row, tying the second-longest period of employment expansion on record.

Link to tweet

https://www.cnn.com/2025/01/10/economy/us-jobs-report-december-final/index.html

The US economy closed out 2024 with another month of massive job growth, adding 256,000 positions in December.

The unemployment rate dipped to 4.1% from 4.2%, wrapping up a year that marked a return to pre-pandemic norms, according to Bureau of Labor Statistics data released Friday.

While the final jobs report for 2024 underscores how the US labor market has turned the corner since the pandemic, there’s plenty of uncertainty as to what 2025 could bring for the trajectory of the labor market — in part because of President-elect Donald Trump’s potential policy changes involving trade, immigration, taxes and the federal workforce.

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.

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