4th Quarter 2024 Brief – The Season of Giving

Posted: Dec. 19th, 2024 at 4:07 pm under General

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As we come to the end of another year, we reflect on all the blessings that have come upon us as a company this year and we look forward to a bright future with you – our partners and friends. Together, we have built a strong partnership, founded on shared values and a commitment to excellence. We are deeply grateful for your continued partnership and trust throughout the years.

At FirstPRO 360, we are feeling confident about the job market in 2025 and stand ready to help build your teams and grow your business.

As we near the end of Q4, businesses are anxiously awaiting positive traction for 2025 and checking to see what’s inside the box. We opened the November jobs report to find total nonfarm payroll rose by 227,000 with a steady unemployment rate holding at 4.2 percent.

Employment trended up in healthcare, leisure and hospitality, government and social assistance. The labor force participation rate, also, remained steady at 62.5 percent and has changed very little since December 2023. Unwrapping the National Job Report – What’s Inside?

“The economy continues to produce a healthy amount of jobs and income gains, but a further increase in the unemployment rate tempers some of the shine in the labor market and gives the Fed what it needs to cut rates in December,” said Ellen Zentner chief economic strategist at Morgan Stanley Wealth Management.

Employee wages continued to rise, with average hourly earnings up 0.4% from a month ago and 4% on a 12-month basis. Both numbers were 0.1 percentage point above expectations.

Interested in reading the entire 4th Quarter 2024 brief?

https://indd.adobe.com/view/68c5351e-2e76-48f5-80d8-f595edaf23ce