The number of Americans who submit new unemployment benefits have seen a gap in September in September, according to Reuters, who quoted Haver Analytics data.
This suggests that while the release remains low, the hiring pace has largely stopped.
The US labor market is currently stagnating, while businesses show unwillingness to hire new employees on a significant scale, even if they do not engage in extensive dismissal. Economists attributed this paralysis a combination of factors, including President Donald Trump’s business policies and immigration policy, along with the growing prevalence of artificial intelligence that allegedly reduced demand and labor supply.
The contribution to the complexity of the American government shutdown, now on the sixth day, has led to the suspension of official collection and publication of data. This complicates fundamental decisions for politicians in the federal reserve, as well as for investors and households.
Delay of economic data
It is important that the September report on employment, originally scheduled for last Friday, was delayed. Reports of consumer prices, inflation of producers and retail sales, all payable next week, moreover, they will probably be published as planned.
Federal reserve policy
The US Central Bank continued in September in September and reduced its reference interest rate by 25 basis points to a range of 4.00% -4.25% in an effort to support the labor market. However, with the complete inflation impact of the tariffs that have so far been held, this month is far from guaranteed this month.
(Tagstotranslate) USA unemployment requirements
