Organization: The employment data doesn't seem to be as hot as it appears
According to Jinse Finance, LPL Financial analyst Jeffrey Roach stated that the average monthly increase in employment in the US private sector will be 149,000 in 2024, lower than the 192,000 of 2023 and is expected to decline again in 2025. Non-farm employment surged by 256,000 people in December and the unemployment rate fell slightly (against a backdrop of potential mass deportation of illegal immigrants), sparking concerns that the Federal Reserve may even need to raise interest rates. But data behind might be more optimistic. Roach said: "Over 16% of non-labor force was born abroad, including undocumented immigrants; therefore tightening immigration policy may not be as harmful to economy as some people say." "Meanwhile, The Federal Reserve will keep interest rates unchanged."
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