From the Editor's Desk

Last Year's Hiring Announcements Lowest Since 2015

Hiring announcements dropped to 7,999 in December from 11,621 in November. Sluggish hiring accounted for the slowdown in job gains last year, with the unemployment rate jumping from 3.7 percent at the start of the year to 4.3 percent in July and then stabilizing, hovering at 4.2 percent in November.

"The slower hiring pace reflects ongoing uncertainty in economic conditions and cautious approaches by employers to expansion," said Andrew Challenger, senior vice president at Challenger, Gray & Christmas. "Most employers are anticipating additional uncertainty with the upcoming administration, which is leading to slower hiring."


Continued here

TradeBriefs: Newsletters for Decision-Makers!