The US labor market saw its final jobs report under the Biden administration add 256,000 jobs in December, a significant increase from 227,000 in November.
This report marks a strong conclusion for Biden's tenure, showing job growth led by healthcare, retail, and government, despite challenges in securing broad support for his economic agenda.
Analysts also noted that layoffs decreased by 33% from 57,000 in November to 38,000 in December, indicating a resilient labor market environment.
Although inflation remains slightly above the Federal Reserve's target of 2%, the unemployment rate has held steady at a relatively low level of 4.1%.
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