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December Employment

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US Job Growth Slows in December Amid Economic Uncertainty
economy1 month ago

US Job Growth Slows in December Amid Economic Uncertainty

US employment growth in December was modest, with 50,000 jobs added, marking the weakest year of growth since the pandemic, amid economic uncertainty and debates over interest rate policies. The unemployment rate decreased to 4.4%, and the labor market remains in a subdued 'no hire, no fire' phase, influencing upcoming Federal Reserve decisions on interest rates.