US Job Growth Stable as Government Cuts Start
The US economy added 151,000 jobs in February, but federal employment dropped by 10,000, showing that President Trump's policy changes are starting to impact hiring. The labor market remains strong, with the unemployment rate ticking up to 4.1%, but analysts warn that the growth may be cooling down due to economic uncertainty. The government's reduction of jobs and spending is being offset by gains in other sectors, such as healthcare and financial firms.
- The ongoing policy changes under Trump's administration are testing the resilience of the US labor market, which has previously been a strong indicator of economic health.
- As the government continues to reduce its workforce and spending, will these cuts ultimately lead to a decline in job growth and higher unemployment rates?