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Job Growth Stalls: U.S. Adds Just 50K Jobs in December

U.S. Employers Add Minimal Jobs in December, Unemployment Rate Drops Slightly The latest Labor Department report shows a disappointing job growth of just fifty thousand jobs in December, with nearly all gains coming from healthcare and restaurants. Manufacturing, construction, and retail all cut jobs, with retailers dropping twenty-five thousand positions. The unemployment rate dipped to four point four percent, but revisions to October and November shaved off seventy-six thousand jobs total. Last year saw only five hundred eighty-four thousand jobs added, the weakest since the pandemic hit in twenty twenty. Economists see a stabilizing but slow job market, lowering the chances of a Federal Reserve rate cut in January. Checkout Solipillow.com

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