According to Jinse Finance, LPL Financial analyst Jeffrey Roach said the average monthly job growth in the U.S. private sector will be 149,000 in 2024, down from 192,000 in 2023, and is expected to decline further in 2025. Non-farm employment surged by another 256,000 in December and the unemployment rate fell slightly (against the backdrop of potential mass deportations of illegal immigrants), raising concerns that the Federal Reserve may need to raise interest rates. But the underlying data could be more optimistic. Roach said: "More than 16% of the non-labor force workforce is foreign-born, including undocumented immigrants; therefore, tightening immigration policies may not harm the economy as some say." "Meanwhile, the Federal Reserve will keep interest rates unchanged."
