December Jobs Miss Expectations Amid Slowdown Concerns
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December Jobs Miss Expectations Amid Slowdown Concerns
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**U.S. Jobs Market Hits the Brakes: What December's Disappointing Numbers Mean for You**
The latest jobs report reveals a stark economic slowdown, with only 50,000 jobs added in December—well below expectations and marking the weakest annual growth since the pandemic recovery. Host Morgan Riley breaks down the troubling trends: long-term unemployment climbing to 1.9 million, retail shedding 25,000 positions, and federal employment plummeting by 277,000 for the year.
While unemployment edged down slightly to 4.4%, the details paint a more concerning picture. Wage growth of 3.8% is being crushed by inflation hovering around 6%, meaning workers are actually losing purchasing power. Healthcare and hospitality are the bright spots, but most industries are frozen in "wait-and-see" mode—implementing hiring freezes rather
This content was created in partnership and with the help of Artificial Intelligence AI
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