The first major set of economic reports last week reflect the state of the United States economy during President Donald Trump’s first full month in office. The data reveal a spike in layoffs and slower hiring growth across both the public and private sectors, with looming cuts suggesting larger economic woes in the months ahead.
The US economy added 151,000 jobs, according to the Labor Department report, which came out on Friday – well short of economist expectations showing a stall in economic growth. Approximately 7.1 million Americans are currently receiving unemployment benefits compared with 6.5 million this time last year.
