Economic Uncertainty Impacts Job Market
Federal worker departures caused payroll losses.
Hiring slowed due to Trump's tariffs.
Four-week average claims rose to 217,500.
Payroll revisions removed 33,000 jobs from August and September.
Fed cut rate by 0.25%.
Powell noted job market weakness and possible payrolls down by 60k.
Recent company layoffs may take months to appear in data.
1 month ago