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Employers Added 143,000 Jobs in January, and Unemployment Edged Down to 4% The gain in jobs was less than economists had expected, but the job counts for November and December were revised upward by a combined 100,000 German Industrial Production Ends 2024 on Weak Note Output declined 2.4% on month in December, driven by a fall in auto production, as the industrial sector faces the threat of a further slowdown from U.S. tariffs.
Fed might need to hold rates steady 'for quite some time,' Logan says Even inflation falling close to 2% in the coming months might not necessarily allow the Fed to cut rates soon, Logan said. Year-End Gains in Productivity Weaken. What It Means for Growth. Labor productivity grew at a rate of 1.2% in the fourth quarter of 2024. Growth was 2.3% in the third quarter, revised data showed.
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