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

The most 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.

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