MicroWaveJan 10, 2025

U.S. adds 256,000 jobs, as Biden leaves Trump with sturdy labor market

https://lemmy.world/post/24113388

U.S. adds 256,000 jobs, as Biden leaves Trump with sturdy labor market - Lemmy.World

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.

Show threadEmpireInDecayJan 10, 2025
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.
Show threadfaceulaJan 10, 2025
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
Show threadtheonlytruescotsmanJan 10, 2025

Inflation is you higher now than when Biden was elected, just not for the few factors the government considers inflation for. Housing is more expensive than ever before in US history, and has increased in cost more in the last four years than the proceeding 50.

Biden will go down as one of the worst presidents in world history.

Show threadfaceulaJan 10, 2025
Hahaha amazing thoughts. I disagree and also you’re very wrong. No deep throat here, I think we’ll find.
Show threadtheonlytruescotsmanJan 10, 2025
Well good news, the record homeless and credit defaults don’t care about your deep throating of a racist old white conservative.
Show threadfaceulaJan 10, 2025
Nixon anyone? Whoosh.
Show threadtheonlytruescotsman
Yes I understood your out of place reference and made a better joke out of it, what of it?
Jan 10, 2025 at 8:22pmWeb