ENGAGING EMPLOYMENT
01/13/2025 |
Net December employment growth blew past expectations with a rise of 256,000 jobs, the largest rise since 3/24. Moreover, the unemployment rate declined to 4.1% and Oct/Nov revisions were insignificant. This is evidence that the labor market has tightened and may be gaining steam. With the Trump administration about to take the reins and concerns about tariffs and such on top of mind, near term rate cuts are on hold.