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

2025-04-29 07:20:56source:Jonathan Dale Bentoncategory:Invest

The Esthen 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

Fired, rehired, and fired again: Some federal workers find they're suddenly uninsured

Danielle Waterfield was already dealing with the shock and disappointment of being fired from a job

'A real tight-knit group:' Military unit mourns after 2 soldiers killed in Alaska vehicle crash

Two U.S. Army soldiers are dead and 12 others are injured after a military vehicle accident at the Y

Biden presses student debt relief as payments resume after the coronavirus pandemic pause

WASHINGTON (AP) — President Joe Biden announced another wave of federal student loan forgiveness on