The unemployment rate remains stable around 4% despite government job eliminations because the number of affected workers is relatively small compared to the total workforce, meaning the statistical impact on the overall unemployment figure is minimal.
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Unemployment Rate: Why Government Job Cuts Don't Matter #shortsAdded:
We've been watching unemployment stay right around 4% for the last couple of years. Goes slightly above, slightly under, but 4.1% is about where it's been, 4%. Now, I did look it up and we've been seeing a lot of government jobs being eliminated. And I thought, well, is that going to be a big problem with our unemployment rate? Is that going to push it up? And it actually if they do indeed collect unemployment then that number is not going to really be off that much because it's such a even though it it seems like a lot of people are being let go and and laid off it's not going to affect the overall unemployment number very much because it is still a small number in the big picture of things.
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