Summary
The U.S. economy is growing, but job creation has slowed down significantly. Despite a steady unemployment rate, the number of new jobs available is low, which worries some analysts about the long-term health of the job market.
Key Facts
- The U.S. economy grew at a 4.4% annual rate recently.
- Despite growth, the U.S. added only about 15,000 jobs a month last year.
- The unemployment rate is stable at around 4.3%.
- Some sectors, like tech, have experienced significant layoffs.
- New technology, including AI, may be a reason for fewer jobs as companies can do more with fewer workers.
- The situation has led to discussions about "jobless growth."
- Job seekers like Jacob Trigg and James Richardson face challenges finding employment despite applying to many jobs.
