📈Private payrolls added 164,000 new jobs in December 2023, surpassing expectations.
🏨Leisure and hospitality jobs were the top performers, with 59,000 new jobs added.
💰Wage growth decelerated slightly, with annual pay increases of 5.4% for those staying in their jobs.
💼The Biden Administration is not effectively communicating the positive state of the economy.
📉Credit card delinquency rates have increased, reflecting increased borrowing by Americans.
How many new jobs were added in December 2023?
—164,000 new jobs were added in December 2023.
Which sector saw the highest job growth?
—Leisure and hospitality jobs led the way with 59,000 new jobs added.
What was the annual pay increase for those staying in their jobs?
—Those staying in their jobs saw annual pay increases of 5.4%.
How well is the Biden Administration communicating the state of the economy?
—The Biden Administration is not effectively communicating the positive state of the economy.
What is the current trend in credit card delinquency rates?
—Credit card delinquency rates have increased, reflecting increased borrowing by Americans.
00:00The December 2023 jobs report exceeded expectations, with 164,000 new jobs added.
00:14Leisure and hospitality jobs were the top performers, with 59,000 new jobs added in December 2023.
00:45Wage growth decelerated slightly, with annual pay increases of 5.4% for those staying in their jobs.
01:20The Biden Administration is not effectively communicating the positive state of the economy.
07:10Credit card delinquency rates have increased, reflecting increased borrowing by Americans.
