Hiring slowed more than expected in December, a sluggish end to what was one of the weakest years of job growth in decades, a dynamic that further amplified America’s affordability crisis.
The US economy added an estimated 50,000 jobs last month, slowing from a downwardly revised 56,000 jobs added in November, according to Bureau of Labor Statistics data released Friday.
Still, the unemployment rate edged lower to 4.4% from a revised 4.5% in November.
Economists were expecting a net gain of 55,000 jobs in December and an unemployment rate of 4.5%, according to FactSet consensus estimates.
Please explain what I’m seeing in this chart (that I have seen similar versions of posted elsewhere as well). Am I misunderstanding what it is showing?
https://www.facebook.com/RepMarkDeSaulnier/photos/the-data-proves-that-when-republicans-are-in-the-white-house-our-deficits-increa/1274051307414489/
Deficit not debt.
Deficit can reduce, but still be positive and therefore add to the debt.
Not since Clinton in the 90s has there been no deficit (meaning debt was actually reduced)… But Congress quickly spent that.