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Economic analyst on how inflation, job market might trend in 2024

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WTOP’s Shawn Anderson and Anne Kramer spoke to Mark Hamrick, senior economic analyst for bankrate.com, about what Americans can expect for the economy in 2024.
The final monthly jobs report of 2023, released Friday, reveals that U.S. employers added 216,000 jobs in December — a sign of resilience in the nation’s economy in the face of a spike in interest rates.
WTOP anchors Shawn Anderson and Anne Kramer spoke to Mark Hamrick, senior economic analyst for bankrate.com, about what Americans can expect for the economy in 2024.
The transcript below has been lightly edited for clarity.
Anne Kramer: Happy Friday to you, Mark. Elaborate on today’s report, if you will, for us, please, for December.
Mark Hamrick: Good to be with you, Shawn and Anne. I think the job market continues to display resilience. But that’s within the context of something that we’re familiar with this time of year in the DMV, and that is cooling. However, this latest report, like the broader environment, a little warmer than has been seen of late. And so we added 216,000 jobs on the month, that’s a little better than expected.

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