Episode Details
Back to Episodes
UBS On-Air: Paul Donovan Daily Audio 'Losing jobs'
Published 3 months, 2 weeks ago
Description
The US government shutdown continues—Senate Republicans failed to pass their measure to end it. US President Trump indicated some federal government workers may be fired, not furloughed. That would doubtless face legal challenges, but might also increase fear of unemployment. Low fear of unemployment has helped keep US growth mediocre rather than recessionary. However, the federal government workforce is a very small share of US employment, which should limit economic damage.