New Report
The US economy saw the slowest non-recession job growth since 2003.
Context
The labor market had been losing steam throughout 2024 and into 2025 as businesses pulled back from the rapid hiring of the post-pandemic years. Companies had staffed up quickly in 2021 and 2022 but began moderating their workforce growth in recent years.
BLS Report
The US economy added 584,000 jobs in 2025, averaging approximately 49,000 per month, according to data released by the Bureau of Labor Statistics (BLS) on Friday. This marked the lowest average monthly job growth outside of recession periods since 2003.
