President Joe Biden will end his term with a relatively healthy labor market as the U.S. added 256,000 jobs in December and the unemployment rate ticked down to 4.1%.

US employers likely added a healthy number of jobs in December and the unemployment rate was unchanged, showcasing a labor market that for another year defied expectations for a sharper slowdown.

Key Takeaways Job seekers found getting hired to be more difficult in 2024, as employers announced the fewest hiring plans since 2015, according to a new report.The Challenger, Gray & Christmas report on hiring and layoffs painted a familiar picture of the job market,

New economic data released this week paints a picture of a US labor market that is continuing to cool, with hiring slowing down, but layoffs remaining remarkably low. This unique combination of factors suggests a period of relative stability in the job market,