U.S. Jobs Growth Slows to 50,000 in December, Unemployment Drops to 4.4%
TL;DR Summary
US job growth in December was weaker than expected with a 50,000 increase, but the unemployment rate fell to 4.4%, indicating a mixed labor market outlook. The year saw the slowest job gains outside of a recession since 2003, reflecting a hiring recession despite strong economic growth and consumer spending. The report influences Federal Reserve interest rate decisions amid ongoing economic uncertainty.
- U.S. payrolls rose 50,000 in December, less than expected; unemployment rate falls to 4.4% CNBC
- Jobs Report Live Updates: U.S. Employers Added 50,000 Jobs in December The New York Times
- The US economy added just 50,000 jobs last month, but the unemployment rate fell CNN
- Hiring slows in December to end the weakest year of job growth since the pandemic NPR
- Hiring slowed in December, defying Federal Reserve's effort to boost labor market abcnews.go.com
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