#USJobsDrop #USJobsDrop The US labor market showed signs of slowing toward the end of 2024, with a decline in job creation and a small increase in the unemployment rate.

The unemployment rate rose slightly in the last two months of the year, reaching around 4.1% in December.

Job creation slowed compared to previous months. October saw 12,000 jobs created, the lowest number since December 2020. November and December saw a slight recovery, but job creation remained below the monthly average this year.

Possible causes

The Federal Reserve continued to apply tight monetary policy to control inflation, which may have contributed to the slowdown in the labor market.

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