Number of new jobs added to the economy accelerated to 256,000 in December, up from November, bolstered by new jobs in healthcare and retailThe US labor market expanded strongly in the last jobs report of the Biden administration, according to new data released on Friday.The number of new jobs added to the economy accelerated to 256,000 in December, up from 227,000 in November, soaring past expectations. The labor market last month was bolstered by new jobs in healthcare, retail and government. Continue reading...
The main conceptual idea of the article is the strength of the US labor market as it nears the end of the Biden administration.
Key points highlighting this strength include:
* Strong job growth: 256,000 new jobs added in December, exceeding expectations.
* Sectors driving growth: Healthcare, retail, and government jobs saw significant increases.
* Job openings remain high: The Jolts report shows over 8 million job openings in November.
* Layoffs decrease: A 33% drop in private sector layoffs in December compared to November.
The article contrasts this positive economic outlook with anxieties about the potential impact of Donald Trump's policies on inflation once he returns to the White House.
The main conceptual idea of the article is the strength of the US labor market as it nears the end of the Biden administration. Key points highlighting this strength include: * Strong job growth: 256,000 new jobs added in December, exceeding expectations. * Sectors driving growth: Healthcare, retail, and government jobs saw significant increases. * Job openings remain high: The Jolts report shows over 8 million job openings in November. * Layoffs decrease: A 33% drop in private sector layoffs in December compared to November. The article contrasts this positive economic outlook with anxieties about the potential impact of Donald Trump's policies on inflation once he returns to the White House.