Jobs Friday | January 2025
December Jobs Report
Happy Friday & Happy New Year!
As Larry David suggests in Curb Your Enthusiasm… it may be too late to say “Happy New Year,” but we’re taking the leap!
Last week, we were ready for the latest jobs report on January 3rd, but the Bureau of Labor Statistics took a little extra time to recover from the holidays. It was worth the wait, as this morning’s employment report delivered good news to wrap up 2024 and launch 2025 with momentum.
Economists predicted job growth of 153k, but the US economy blew past that number with a reported 256,000 net new jobs for the month of December. Through November, the economy was averaging 180k jobs per month, another comparable statistic of how strong the last month of the year was. Key drivers included Healthcare and Government (responsible for 75% of 2024’s hiring) as well as holiday retail hiring.
The unemployment rate dropped slightly to 4.1%, reflecting a balanced and resilient job market where people are finding, seeking, and keeping jobs. We anticipate this rate will remain stable at or above 4% as we move into the new year.
As we turn the calendar, we are confident that the market is resilient and the economy is strong. Despite persistent challenges like inflation, interest rates, and natural disasters, we continue to find ways to muscle through.
Here’s to a strong start in 2025! Wishing you all the best for a happy, healthy, and prosperous year ahead.
What we're reading
How HR will change the employee experience in 2025 via Fortune
I Gave My Employees Unlimited PTO — The Effect This Had on My Business May Surprise You via Entrepreneur
2025 could trigger a wave of revenge quitting via Business Insider
3 Simple Ways to Refresh Your Resume in 2025
Designed to make a strong impression in today's job market, these three updates will help you showcase your skills and achievements, ensuring your resume is refreshed for 2025.
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