The US economy added more jobs than expected in December, providing a fresh dose of optimism that the labor market will remain strong for the near term. There’s lots of uncertainty ahead as Trump 2.0 is set to get underway, but it’s fair to say that the incoming administration inherits a labor market that’s humming.
Daily Archives: January 13, 2025
Macro Briefing: 13 January 2025
China’s trade surplus surged to nearly $1 trillion in 2024. Driven by strong exports, the news arrives ahead of expected US policy changes on import tariffs after President-elect Trump moves into the White House on Jan. 20. The New York Times reports: “When adjusted for inflation, China’s trade surplus last year far exceeded any in the world in the past century, even those of export powerhouses like Germany, Japan or the United States. Chinese factories are dominating global manufacturing on a scale not experienced by any country since the United States after World War II.”
