The outlook for the labour market is murky as Trump wages a trade war with foreign countries
But the unemployment rate ticked up slightly to 4.1% as the number of jobless Americans rose
The U.S. economy grew 2.8% in 2024, compared with 2.9% in 2023
As fight against inflation stalls, expectations for rate cuts this year have diminished
Still, the jobless rate slipped to 4% to start 2025
The openings fell short of what economists had expected
The tariffs threaten to blow up the trade agreement Trump himself negotiated with America’s neighbours
Q4 growth came in below economists' expectations; the economy grew 2.8% during the year
The agency expects the world economy to grow 3.3% this year and next
The World Bank expects the world economy to expand 2.7% in 2025 and again in 2026