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The final jobs report for 2024 reveals a labor market that has maintained momentum heading into the new year. Reflecting on 2024, the labor market can be seen as a tale of two halves: the year began with challenges marked by upticks in unemployment and slowing job growth, followed by a steady rebound that reinforced the market’s resilience. In the latter half of 2024, signs of stabilization began to surface as many key metrics leveled off, signaling a possible beginning of equilibrium.
Today’s report shows that the unemployment rate edged down to 4.1%, remaining relatively stable over the last six