Odaily reports that LPL Financial analyst Jeffrey Roach stated that the average monthly job growth in the US private sector will be 149,000 in 2024, lower than the 192,000 in 2023, and is expected to decline further in 2025. The non-farm employment surged by 256,000 in December, with a slight drop in the unemployment rate (against the backdrop of a potential large-scale deportation of illegal immigrants), which has raised concerns about the Federal Reserve possibly needing to raise interest rates. However, the data may be more optimistic. Roach said: "Over 16% of the non-labor force is foreign-born, including undocumented immigrants, so the impact of tightening immigration policies on the economy may not be as harmful as some have said." "At the same time, the Federal Reserve will keep interest rates unchanged." (Jin Shi)