Winning Exchange:How local government is propping up the U.S. labor market

2025-05-07 01:04:51source:Kacper Sobieskicategory:Invest

The Winning Exchangemost 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:Invest

Recommend

Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return

NEW YORK ― When the precocious orphans of "Annie" sneer, "We love you, Miss Hannigan," you just migh

Generation Alpha is here, how will they affect the world? | The Excerpt

On a special episode (first released on May 9, 2024) of The Excerpt podcast: Generation Alpha has ar

Here are six candidates for Phoenix Suns head coach opening. Mike Budenholzer tops list

The Phoenix Suns will have a different coach for the third time in three seasons.The Suns fired Fran