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US job growth slowed in December with just 50,000 jobs added, reinforcing concerns that the labor market continues to cool after a year of weak hiring.
While the unemployment rate edged down to 4.4%, the figure was supported by a downward revision to previous months’ data, which showed job growth was more fragile than initially estimated.
Economists have called 2025 average wage growth the slowest outside of a recession, partly due to slower labor force growth due to immigration policies.
The “no growth, no loss” situation continues to weigh on workers, with confidence in finding new jobs declining and long-term unemployment rising to its highest level since 2022.
However, some private sector indicators are showing signs of stabilization, with layoff announcements declining and private payroll data signaling that the slowdown may be starting to ease.
