Payroll growth decelerated in December but was still better than expected, a sign that the labor market remains strong even as the Federal Reserve tries to slow economic growth.
Stock market futures rose following the release as investors look for signs that the jobs market is cooling and taking inflation lower as well. Primarily, the Fed is looking to bridge a gap between demand and supply. As of November, there were about 1.7 job openings for every available worker, an imbalance that has held steady despite the Fed’s rate hikes. The strong demand has pushed wages higher, though they mostly haven’t kept up with inflation.
Holiday hires. This literally means nothing.
Thank you Joe Biden.
What is it? Another news media says it the other way around!
Good to hear.
And Joe has his highest approval ratings in over a year at 44.5% per 538
Lawrence Can't news orgs just report when it's good financial news without the 'HOWEVER' when a DEM is president. They did this EVERY MONTH with Obama yet NEVER ONCE during Trump.
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
he just keeps winning
Lawrence I bet we will not hear about this on any of the cable ( even msnbc) or network shows
but we keep hearing the GOP and FoxNews report how bad everything is. They wouldnt continue to lie to America would they?
the rightwing crybaby commenters sure are mad that Biden is doing a good job...I think many are actually Putin bots.
DemocratsDeliver
Lawrence Hoping I'll get one of those
No thanks to the GOP.
December job numbers never mean anything as many hire just for the holidays. Wake me up in a month.
Labor market is going to tank in 2023! Hold on
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