The number of initial jobless claims in the United States has increased moderately, with a large number of federal employees losing their jobs, which may affect the balance of the labor market

ChainCatcher news, according to Jin Shi reports, the number of initial jobless claims in the United States increased moderately last week, indicating that the fundamentals of the labor market remain solid. In recent days, Elon Musk's government efficiency department has laid off thousands of federal employees. The unemployment claims of these laid-off workers were submitted separately under the Federal Employee Unemployment Compensation (UCFE) program, with data reported one week behind.

The White House aims to cut about 2.3 million federal government workers, excluding the military and the post office. The unemployment rate remains at historically low levels, but this situation may change as workers who rely on federal contracts or funding lose their jobs. Federal government layoffs, hiring freezes, and budget cuts are expected to have a ripple effect on local economies, particularly in Washington D.C. and the neighboring states of Virginia and Maryland, and trigger layoffs in the private sector.