U.S. Job Market Lags Despite Robust Economy
The U.S. job market is weakening despite strong GDP growth; the Labor Department is expected to report Wednesday that employers added 75,000 jobs in January, with ADP reporting 22,000 private payroll gains and companies announcing major layoffs. Annual Labor Department benchmark revisions — preliminarily estimated at erasing about 911,000 2025 jobs — and factors like high interest rates, federal workforce cuts and automation may substantially lower reported hiring.
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- Read OriginalThe economy is booming. So why is the job market lagging?winnipegfreepress.com
