TechFlow News: According to JINSHI Data, on February 11, U.S. nonfarm payroll growth in January may have slightly accelerated, supported by reduced seasonal layoffs in certain industries. However, overall labor market conditions remain sluggish due to persistent uncertainty surrounding import tariffs—suppressing hiring—and stricter immigration enforcement—constraining labor supply. Despite robust economic growth, the labor market continues to struggle. “Underlying labor market stress is greater than what the headline unemployment rate suggests,” said Diane Swonk, Chief Economist at KPMG. “Wage growth is cooling, job seekers face greater difficulty finding new positions after becoming unemployed, and recent graduates are also encountering heightened challenges entering the workforce. Although macroeconomic data appear strong on paper, the labor market remains notably rigid.”
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