NCS
By Alicia Wallace, NCS
(NCS) — Hiring slowed at the finish of final 12 months, as employers added an estimated 50,000 jobs in December and the unemployment charge dipped to 4.4%, in line with Bureau of Labor Statistics knowledge launched Friday.
December’s estimated job gains, that are topic to revision, capped off what was a sluggish 12 months for the US labor market.
2025 was the weakest 12 months of employment progress exterior of recession years since 2003, BLS knowledge exhibits.
The labor market, which was already slowing heading into 2025, cooled sharply as hiring stalled out throughout most industries, a pullback economists attributed to excessive uncertainty (in half resulting from huge shifts in commerce and immigration coverage) in addition to cussed inflation and excessive rates of interest.
Economists have been anticipating a internet acquire of 55,000 jobs in December and an unemployment charge of 4.5%.
This story is creating and shall be up to date.
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