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US Jobs Report Exceeds Expectations, Unemployment Hits 4.1%

  • #Economic conditions & trends
  • #United States of America
US Jobs Report Exceeds Expectations, Unemployment Hits 4.1%
story
JAN 10
Above: A job and resource fair in Hendersonville, North Carolina on Nov. 19, 2024. Image copyright: Allison Joyce/Contributor/Bloomberg via Getty Images
story last updated JAN 11

The Spin

Democratic narrative

The robust job market demonstrates remarkable economic resilience by the US. Steady wage growth and broad-based hiring across sectors suggest a soft landing is achievable without a recession. The only uncertainty now stems from policy changes coming from the Trump administration.

CNN

Republican narrative

This report isn't a reason for the Biden administration to declare victory. The Federal Reserve is still closely watching inflation, which has ticked up. And although unemployment remains low, several major companies have announced layoffs and overall hiring has slowed significantly. More data will be forthcoming to see just how well the economy is doing.

BloombergWashington Examiner

Metaculus Prediction


Political split

LEFT

RIGHT

Job growth skyrocketed in December, boosting one of the strongest labor markets in US history
CNNJAN 11

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