The final jobs report of 2024 underscores that the economy and hiring were able to grow at a solid pace even with interest rates much higher than before.
There's just no need for additional cuts in the Fed's rate any time soon, suggesting a strong economic performance despite high interest rates.
The economy, fueled in part by greater productivity, can grow at a steadily faster rate than it has since the Great Recession 16 years ago.
The U.S. continued to create jobs steadily throughout 2024, indicating resilience in the job market despite a slow increase compared to previous years.
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