I know of NO ONE who thinks ‘things’ in the American Economy are GOOD….
I have a question mark on the ‘Rate Falls’ in my header for this post…
Why?
The figures in the below quoted piece are from the US Labor Dept., excuse me?
The TRUMP Bureau of Labor Statistics….
If you forgot?
The last time those people put a straight out negitive report?
People got fired…
So on their figures?
The American labor market has entered 2026 in respectable shape, continuing to muddle through challenges even as it loses strength.
Employers continued to hire modestly in December and the unemployment rate declined, federal data showed on Friday, but hiring across 2025 was the weakest in five years, driven in part by government staffing cuts and tumultuous public policy.
Employers added 50,000 jobs in the last month of 2025 and the unemployment rate fell to 4.4 percent, the data showed. Average hourly earnings grew at 0.3 percent on a monthly basis in December and 3.8 percent on an annual basis, an acceleration compared with previous months.
The report was the latest in a run of economic updates after several releases were delayed or canceled because of the federal shutdown. Those updates on the economy have demonstrated resilient growth and spending but prolonged softness in the labor market….
…
“If you look at professional roles, you are still seeing an awful lot of weakness,” she said.
The labor market has deteriorated over the past year, in particular, for new graduates and others who are looking for work. And people with jobs are hanging onto them tight. Nearly every week, data on new jobless claims across all 50 states has shown that firings remain low…
…
Health care and social assistance continued to lead the way for payroll growth. There were 27,000 job gains for the month in food services and drinking places. Health care employment rose by 21,000.
Job growth in most other industries, however, was mild or had reversed. Guy Berger, the director of economic research at the Burning Glass Institute, a firm that evaluates labor markets, has noted that the rate of hiring is around the pace of that in 2010 to 2011, “when the unemployment rate was north of 9 percent.”
The retail sector lost 25,000 jobs in December. Employment in the manufacturing sector dropped by roughly 8,000 jobs last month, and has fallen by the tens of thousands of positions since December 2024, despite President Trump’s promises that tariffs would lead to a boom in re-shoring American factory employment. And although private sector job gains remain positive, average total job growth over the last three months appears to be slightly negative….
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