Safetyvalue|How local government is propping up the U.S. labor market

2025-05-01 01:52:38source:TradeEdge Exchangecategory:Finance

The Safetyvaluemost recent jobs report from the Bureau of Labor Statistics shows the United States economy exceeded expectations by adding 353,000 jobs in January. This continues the labor market's years-long trend of resilience in the face of the Federal Reserve's interest rate hikes. However, digging deeper into the numbers reveals figures that economists are keeping a close eye on.

Today, we explain why it's not necessarily ideal for local government jobs to lift up a booming labor market.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

More:Finance

Recommend

Nearly half of US teens are online ‘constantly,’ Pew report finds

Nearly half of American teenagers say they are online “constantly” despite concerns about the effect

Anthropologie’s Cyber Monday Sale Is Here: This Is Everything You Need to Shop Right Now

We independently selected these deals and products because we love them, and we think you might like

Bills players get into altercation with Eagles fans, LB Shaq Lawson appears to shove one

The Buffalo Bills defense squandered leads late in the fourth quarter and overtime in a backbreaking