United States Economy Has Another Robust Jobs Growth Month

This morning, a new jobs report was released by the federal government showing yet another robust month of jobs growth in America. In the month of December, the United States economy added more than 256,000 jobs, and unemployment dipped from 4.2% to 4.1%, marking yet another strong month for the economy. 

In total, in 2024, the economy added more than 2.2 million jobs. For perspective, economists expected the unemployment rate to stay at 4.2% and for the economy to add about 153,000 new jobs. Both expectations were surpassed substantially. 

Today's numbers underscore the strength of the United States economy under the Biden-Harris Administration. When President Biden was sworn into office, many economists predicted that the economy would dip into a recession given high inflation rates and low wage growth. 

Despite all headwinds against him, President Biden delivered a successful economic agenda that saw inflation plummet and jobs grow. As a result, the economy is on track for its first soft landing, and only the second soft landing in history. A soft landing occurs when the economy can reduce inflation without going into a recession. 

The Trump-Vance Administration will soon inherit an economy that is growing robustly, and it is important to remember which Administration started this growth.