Unpacking the December Jobs Report: Beneath the Surface, Reasons to Question the Optimism

The monthly jobs report for December, released today, reveals that U.S. employers added 216,000 jobs last month, surpassing expectations of 170,000. Government jobs played a significant role in this growth. However, the Labor Department highlights a rise in the number of people actively seeking jobs, reaching 5.7 million in December, marking an increase of 514,000 over the year.
The unemployment rate remains unchanged at 3.7%. This report follows the Federal Reserve's decision not to raise interest rates at its latest meeting. David Stryzewski, CEO of Sound Planning Group, took a deeper look and explains why he considers this to be an awful report. One America's Alicia Summers has more.