๐บ๐ธย U.S. Labor Market Snapshot โ December 2025
๐ย Labor Market Cooling
โข U.S. job openings were largely unchanged in October at around 7.67 million, signaling steady but soft demand for workers. Layoffs climbed to levels not seen since early 2023, while voluntary quits declined โ a sign of weakening worker confidence.ย AP News
๐ย Fed Concern & Rate Policy
โข Federal Reserve Chair Jerome Powell indicated the official jobs numbers mayย overstate true job growth, suggesting that actual job creation could be lower than reported โ even potentially negative. This has influenced the Fedโs decision to cut interest rates in December to support the economy.ย MarketWatch+1