What to expect from Friday’s jobs report

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Key takeaways

  • U.S. employers likely added 153,000 jobs in December, close to the common over the past six months, while the unemployment rate likely remained at a comparatively low 4.2%.
  • The labor market has slowed because the post-pandemic boom, but has remained stable.
  • The trajectory of the labor market next 12 months is uncertain and will rely on the policy decisions of future President Donald Trump.

The U.S. economy is probably going to end 2024 with regular job growth, continuing the trend of recent months.

A labor market report to be released Friday by the Bureau of Labor Statistics is probably going to show that the U.S. economy added 153,000 jobs in December, according to the consensus forecast of economists polled by Bloomberg Finance and reported by Wells Fargo Economics. That could be lower than the 227,000 jobs added in December and just above the 143,000 jobs added on average in each of the last six months. Forecasts expect the unemployment rate to remain regular at 4.2%, which is comparatively low by historical standards.

The pace of job creation has slowed compared to the sooner post-pandemic period, when there was much greater demand for employees and the economy was rebounding from the Covid-19 recession. High borrowing costs – the results of the Federal Reserve’s campaign to raise rates of interest to curb inflation starting in 2022 – discourage borrowing and spending and have thrown some sand into the gears of the labor market.

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What awaits the labor market?

Some economists expect a rebound within the labor market in 2025, while others predict an extra slowdown.

Economic forecasts are at all times taken with a pinch of salt, and there could also be much more of them this 12 months given the uncertainty surrounding the policies of the second Trump administration. The labor market’s course could rely on the extent to which Trump imposes tariffs on foreign trade or imposes tax cuts on corporations, amongst other major policy changes he promised through the campaign.

For now, nevertheless, economists perceive the labor market as stable for workers: employers will not be hiring tons of employees, but they will not be starting mass layoffs either.

“Employers, terrified of post-pandemic labor shortages and aware that the days of abundant labor supply are likely over, tell me they do not want to be caught short again,” Thomas Barkin, president of the Federal Reserve Bank of Richmond, said in an announcement Friday speech. “As a result, while prudent employers allow their workforces to decline through downsizing and downsizing, they are slowly reducing their workforces. The layoff rate remains close to historically low. A labor market characterized by low hiring and low layoffs remains healthy.”

Rome
Romehttps://globalcmd.com/
Rome: Visionary Founder of the GlobalCommand Ecosystem (GlobalCmd.com | GLCND.com | GlobalCmd A.I.) Rome is the innovative mind behind the GlobalCommand Ecosystem, a dynamic suite of platforms designed to revolutionize productivity for entrepreneurs, freelancers, small business owners, and forward-thinking individuals. Through his visionary leadership, Rome has developed tools and content that eliminate complexity, empower decision-making, and accelerate success. The Powerhouse of Productivity: GlobalCmd.com At the heart of Rome’s vision is GlobalCmd.com, an intuitive AI-powered platform designed to simplify decision-making and streamline workflows. Whether you’re solving complex business challenges, scaling a new idea, or optimizing daily operations, GlobalCmd.com transforms inputs into actionable, results-driven solutions. Rome’s approach is straightforward yet transformative: provide users with tools that deliver clarity, save time, and empower them to focus on growth and achievement. With GlobalCmd.com, users no longer have to navigate overwhelming tools or inefficient processes—Rome has redefined productivity for real-world needs. An Ecosystem Built for Excellence Rome’s vision extends far beyond productivity tools. The GlobalCommand Ecosystem includes platforms that address every step of the user’s journey: • GLCND.com: A professional blog and content hub offering expert insights and actionable advice across business, science, health, and more. GLCND.com inspires users to explore new ideas, sharpen their skills, and stay ahead in their fields. • GlobalCmd A.I.: The innovative AI engine powering GlobalCmd.com, designed to turn user inputs into tailored recommendations, predictive insights, and actionable strategies. Built on the cutting-edge RAD² Framework, this AI simplifies even the most complex decisions with precision and ease. The Why Behind GlobalCmd.com Rome understands the pressure and challenges of running a business, launching projects, and making impactful decisions in real time. His mission was to create a platform that eliminates unnecessary complexity and provides clear, practical solutions for users. Whether users are tackling new ventures, refining operations, or handling day-to-day decisions, Rome has designed the GlobalCommand Ecosystem to meet real-world needs with innovative, results-oriented tools. Empowering Success Through Simplicity Rome’s ultimate goal is to empower individuals with the right tools, insights, and strategies to take control of their work and achieve success. By combining the strengths of GlobalCmd.com, GLCND.com, and GlobalCmd A.I., Rome has created an ecosystem that transforms how people work, think, and grow. Start your journey to smarter decisions and greater success today. Visit GlobalCmd.com and take control of your future.

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