U.S. jobs market shows stability as 2025 begins with low unemployment and high job openings

The U.S. jobs market remains stable as 2025 begins, with an unemployment rate of 4.2%, slightly down from October. Job openings increased to 8.1 million in November, still above pre-pandemic levels, but many positions remain unfilled. Despite a decrease in job quits, workers with in-demand skills are likely to retain their jobs. Employers are cautious about layoffs, as they struggle to find qualified applicants, according to a small business survey. While the labor market appears healthy, concerns about inflation and tariffs could impact future employment. Currently, most workers can feel secure in their positions, though significant job growth and pay increases may be less common.