US Job Growth Slows to 50,000 in December Amid Unemployment Drop
The US economy added only 50,000 jobs in December, significantly below expectations, indicating a slowdown in employment growth.
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U.S. Jobs Growth Slows to 50,000 in December, Unemployment Drops to 4.4%
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.