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U.S. adds 256,000 jobs, as Biden leaves Trump with sturdy labor market (www.nbcnews.com)

submitted 13 hours ago by MicroWave@lemmy.world to c/politics@lemmy.world

35 comments fedilink hide all child comments

Summary

The U.S. added 256,000 jobs in December, lowering the unemployment rate to 4.1%, outperforming expectations and reflecting a resilient labor market as President Biden leaves office.

Despite earlier inflation overshadowing a strong labor recovery post-COVID, hiring remains steady, layoffs subdued, and job openings rising.

Forecasters predict gradual hiring growth in 2025, with small-business optimism and easing Federal Reserve policies driving gains.

Economic indicators, like increased consumer borrowing for auto purchases, suggest mixed but improving confidence.

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[-] phoenixz@lemmy.ca 6 points 5 hours ago

As always, democrat leaves solid economy, Republican comes in and trashes it then at the end claims that initial sturdy economy was all the Republicans.

Don't worry though, trump will toss all this off a cliff so hard that we'll be in a deep recessi by this time next year

[-] DarkFuture@lemmy.world 11 points 7 hours ago

Democrats improve economy (historically statistical fact).
Idiot Americans don't have all their wishes granted so they get mad and vote Republican.
Democrats hand improved economy off to Republicans.
Republicans fuck it up and hand it back off to Democrats.
Rinse and repeat.

[-] empireOfLove2@lemmy.dbzer0.com 10 points 7 hours ago

You forgot

Corporate media and Republicans spend their entire term blaming Democrats for ruining the economy despite Republicans being actively in charge
Dumb fucks believe them

[-] teamevil@lemmy.world 48 points 13 hours ago

And Trump is going to manage to ruin it to benefit a few old rich monsters.

[-] DarkFuture@lemmy.world 5 points 7 hours ago

At this point I'm done blaming Trump.

This is on idiot Americans.

Too many of us are braindead stupid. Trump can live or die, won't change that.

Our politics and politicians are a reflection of the people of this nation's desires and level of intelligence.

[-] militaryintelligence@lemmy.world 1 points 1 hour ago

Full agree. We asked for everything we get.

[-] Eldritch@lemmy.world 4 points 11 hours ago

Yes and no. There's going to be thousands of agriculture etc jobs opening up under him. The problem is there won't be willing or qualified applicants.

Which will at once increase demand for labor. Thus increasing costs for oligarchs. But at the same time throw a monkey wrench into basic supply chains. Causing shortages and crises. He's literally going to hurt everyone. But we all knew that.

[-] phdepressed@sh.itjust.works 3 points 10 hours ago

The oligarch are just going to raise prices. The farmer is going to get boned. I expect that to take a bit though, he's vengeful he's going to start with blue states and cities first. So life gets worse for Dem areas first then Dems can be blamed for it as the effects spread to Red areas. Not any different from the Covid response.

[-] Eldritch@lemmy.world 3 points 10 hours ago

That will absolutely be their first course of action. The problem with it being. They are near pricing themselves out of the market on many things as is. Quite a lot of inflation has been because of Market control and collusion. Not actual increase in costs. Consumers are struggling currently. Pushing at any harder very likely could cause collapse. Not that many oligarchs won't. They're that out of touch.

[-] EmpireInDecay@lemmy.ml -1 points 11 hours ago

You mean like what's been happening?

[-] TankovayaDiviziya@lemmy.world 5 points 8 hours ago

And watch Trump and the Republicans dip their hands into the work of Democrats to add more into the debt.

[-] werefreeatlast@lemmy.world 1 points 6 hours ago

Trump: hmmm what should I fuck up first???

[-] Natanael@slrpnk.net 33 points 13 hours ago

And all these idiots voted trump "for the economy"

[-] DarkFuture@lemmy.world 4 points 7 hours ago

"bUsInEsS mAn MaKe AmErIcA bUsInEsS"

Monkeys would be better at electing representatives than Americans are.

[-] Cochise@lemmy.eco.br -4 points 12 hours ago

Real wages are declining, so the economy is bad. https://en.m.wikipedia.org/wiki/Personal_income_in_the_United_States#/media/File:Wages_in_the_United_States.webp

[-] Eldritch@lemmy.world 15 points 11 hours ago

So why make it worse? Electing trump to fix wages and the economy. Is like opting for castration to treat ED.

[-] Cochise@lemmy.eco.br 6 points 11 hours ago

Uahahahaba Good analogy. I agree.

[-] theonlytruescotsman@sh.itjust.works -3 points 9 hours ago

[removed by mod]

[-] Eldritch@lemmy.world 6 points 9 hours ago

That's not a lie. By the metrics they use the economy is doing great. They're using the wrong metrics. The people are not the economy. And not being properly served by it.

Trump voters elected Trump specifically because he lied to them. Just like he did last time. He told them he could fix all these different things and he fixed none of them.

Him acknowledging it isn't necessarily a good thing unless he's actually going to do something to fix it. Which he's not. He will make it worse than the democrats. He did last time. Republicans always do.

Everyone here knows why the Democrats lost. And there were many many reasons. Not just because they did not manipulate voters correctly. Yes they need to address voters concerns better. 100%. But there was also plenty of foreign interference. As well as the fact that we shouldn't discount that the average American voter is ignorant, apathetic, and often fucking stupid when it comes to politics. But regardless of it all. I can guarantee one thing. In five or six years they will have learned nothing from it. Neither the Democrats nor voters.

And you can say that you don't support or defend Trump. But you don't have to bring up Trump to criticize democrats either. Yet you consistently have. You can criticize them on this topic all day long without ever mentioning Trump.

[-] thefartographer@lemm.ee 9 points 10 hours ago

"Sure, the current bus driver fixed the sugar in our gas tank, replaced our flat tires, and got us on the road again. But I still think we should give the previous driver another chance—he promised to drive us to Greenland!"

[-] GiddyGap@lemm.ee 4 points 8 hours ago

Great jobs report = stock market dives. Apparently.

[-] CharlesDarwin@lemmy.world 10 points 11 hours ago

What seems to be weird is that "the market" is reacting to this news as if it is bad. From what I gather, it's because they aren't going to get the cheap money they were hoping for (meaning, slashing interest rates, again) because the Fed isn't likely to race to cut them because of jobs?

So now the Dow and S&P are sharply down today...

[-] orclev@lemmy.world 5 points 9 hours ago

Pretty much yeah. They want there to simultaneously be a healthy and robust economy (to maximize those sales numbers) while also having a terrible labor market to minimize labor costs. Low unemployment means that employees can be picky about job offers, while rampant unemployment means they're more likely to accept extreme low-ball offers. Nevermind that those two are directly linked and it's impossible to achieve both at the same time. Not that the way capitalism is done in the US has ever been sane, logical, or sustainable. Line must go up right?

[-] foggy@lemmy.world 20 points 13 hours ago

As someone actively applying to jobs:

Bullshit. What "jobs?" Part time roles at Wal Mart???

[-] PP_BOY_@lemmy.world 15 points 12 hours ago

These reports now include gig jobs so yeah. I'd like to see how many of these are just people picking up a second (or third, or fourth) job to make ends meet

[-] Hatshepsut@lemmy.world 13 points 12 hours ago

Exactly! Every time they report this bs, I think “how many provide a living wage?” Hope you find something soon

[-] Adulated_Aspersion@lemmy.world 3 points 12 hours ago

Don't worry. Good ol' Trumperina will find a way to say that he did that.

[-] CharlesDarwin@lemmy.world 2 points 12 hours ago

Don't worry, donvict aims to fix that, because I keep getting told this is the worst economy ever, eggs cost 20 times what they used to, etc.

I wonder what the Enlightened Centrists (TM) and the dumbfucks that voted for donvict will be saying if/when donvict starts making things actually terrible.

[-] DarkFuture@lemmy.world 1 points 7 hours ago

I'm assuming idiot Americans will do what they always do and blame the party that is historically better for our economy, has a voting record of voting in favor of the middle/lower classes, hasn't stripped half of Americans of a federally protected human right, and has WAY less convicted criminals in their ranks.

Americans = Stupid

[-] aaaa@lemmy.world 2 points 11 hours ago

As is tradition, they will blame Democrats for the effects of policies chosen by Republicans

[-] EmpireInDecay@lemmy.ml 1 points 11 hours ago

Sturdy doesn't mean it's stable or affordable. Second record high of homelessness, higher than last years record high by 18%, 33% increase since 2020. Credit default through the roof, auto repossession through the roof, 53% of renters can't afford rent. He's handing trump a shitty economy which will likely continue to get worse.

[-] faceula@lemmy.world 1 points 11 hours ago

Yeah I mean it's not like inflation was managed well or anything. It's worse than it was when he (Biden), got in. No, wait... my mistake

[-] galaskorz@discuss.online 1 points 12 hours ago

It’s mostly the tech industry who is suffering this year.

[-] earphone843@sh.itjust.works 0 points 11 hours ago

We're less than 2 weeks into the year.

[-] galaskorz@discuss.online 1 points 8 hours ago

Crap I mean 2024

this post was submitted on 10 Jan 2025

124 points (94.9% liked)

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