Reported 1 day ago
The US labor market appears stable, with a slight increase in unemployment benefit claims. Despite fears of disruptions from federal government layoffs under President Trump's administration, economists believe the effects have yet to show in the broader economy. However, future layoffs may impact local economies, particularly in Washington D.C. and surrounding states. The current job market conditions allow the Federal Reserve to maintain interest rates while monitoring inflationary pressures from proposed policy changes.
Source: YAHOO