The U.S. economy added just 50,000 jobs in December and a total of only 181,000 for all of 2025, the weakest annual job growth outside a recession since 2003!!
And FFR way above r*. Complete incompetence at the Powell Fed.
On average, that’s roughly 15,000 new jobs a month.
时政
(
twitter.com
)
The U.S. economy added just 50,000 jobs in December and a total of only 181,000 for all of 2025, the weakest annual job growth outside a recession since 2003!!
And FFR way above r*. Complete incompetence at the Powell Fed.
On average, that’s roughly 15,000 new jobs a month. Nearly 85% of those gains occurred by April, leaving the rest of the year flat. By any objective measure, the labor market softened considerably. The Fed’s assessment of strength in 2025 now looks badly misplaced.
To be clear, the lesson is the 1st is always noise. But watch pundits extrapolate off the 1st print as usual.
点击图片查看原图
点击图片查看原图
