The Trump administration implemented severe budget cuts to government programs and agencies which caused a record number of federal employees to enter the job market according to new data from the Department of Government Efficiency’s reforms.
The job market shows “somewhat stagnant” conditions right now but shows no signs of slowing down according to Allison Shrivastava of the Indeed Hiring Lab.
The Labor Department released Thursday’s data which showed initial unemployment benefit claims maintained their previous week’s levels without significant changes.
The Labor Department released its closely watched report which showed federal employees filing for unemployment benefits at higher rates than usual but the weekly numbers increased slowly.
During the week of March 22 the Labor Department reported 224,000 initial jobless benefit claims which decreased by 1,000 from the previous week’s revised total.
The Labor Department released its weekly report which showed federal employees seeking unemployment benefits at higher rates than usual although the numbers did not increase substantially.
The Unemployment Compensation for Federal Employees program processed 821 initial claims from federal workers during the week of March 15 although this number decreased from 1,066 the previous week according to the Thursday report.
The recent labor market shows “two distinct realities” according to RSM US economist Joe Brusuelas who spoke with CNN on Wednesday.
