The U.S. labor market began 2025 with moderate job growth, expected to show an addition of 170,000 jobs in January, down from the previous year's 186,000 average. The unemployment rate remains low at 4.1%, suggesting economic stability as consumers experience job security and rising wages. However, factors such as a federal hiring freeze and potential trade wars raise concerns about future growth, as seen from analysts reflecting on recent economic policies and their implications.
The economy is kicking off 2025 in good shape," said Bill Adams, chief economist at Comerica Bank.
The unemployment rate is expected to remain low at 4.1%. The first monthly jobs report... is likely to confirm that he inherited a solid economy.
A federal judge on Thursday temporarily blocked President Donald Trump's plan to push out federal workers by offering them financial incentives.
Economists are also worried about Trump's threat to wage a trade war against other countries.
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