Jobs
US Hiring Engine Kept Humming in 2024 With 2.2 Million Job Gains
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The US economy added 2.2 million jobs in 2024, a slowdown from the previous year but still a remarkable sign of resilience that few pundits had expected twelve months earlier.
Nonfarm payroll employment rose by 1.4% over the year, with an average of 186,000 net jobs added per month. That’s a faster pace than the last pre-pandemic year of 2019, though it’s down from a monthly gain of about 250,000 in 2023.