ADP estimates that the services sector gained 190,000 jobs in January and the production sector lost 6,000.

The low hiring rate reveals weakness despite low unemployment, says Kathryn Anne Edwards. Per the JOLTS report, openings declined in December.

Measures of worker compensation and satisfaction were positive, and fewer workers say they are planning to jump ship this year.

Both benefits and wages outpaced inflation in 2024, according to data from the Bureau of Labor Statistics.

But two of them have started nonprofits to help others navigate the process.

Economic growth came in pretty strong for the fourth quarter. GDP rose at an annual rate of 2.3%. And consumer spending rose 4.2%.

Stability reigns. The economy has about 7 million more jobs than before COVID hit, and both quits and layoffs are low.

Leaders need to develop a safety net that will help displaced workers find good jobs, says senior economics contributor Chris Farrell.

Labor shortages may fuel inflation and hurt construction and food service. Some U.S.-born workers, along with the detention industry, may gain.

The Bureau of Labor Statistics projects the most growth in health care and technology occupations over the next 10 years. But the projections aren’t iron-clad.