Aging populations and rising health care costs are inflating pension expenses, limiting states' ability to pay for law enforcement, schools and transportation.
The number of people seeking U.S. unemployment benefits plunged last week. But a big reason was that some automakers skipped their traditional summer shutdowns to keep up with demand, leading to fewer temporary layoffs of autoworkers.
The outlook for the U.S. job market brightened a little Thursday after the government said fewer people applied for unemployment benefits last week and surveys of private companies showed hiring increased in June.
Fewer people applied for U.S. unemployment benefits last week, and a private survey showed hiring picked up in June. The reports offered some hope for the job market after three sluggish months of hiring.
The U.S. economy is growing too slowly to pull the job market out of a slump, according to the latest data that suggest June will be another weak month for hiring.
The sluggish job market is weighing on the U.S. economy three years after the Great Recession ended. And the signs suggest hiring may not strengthen any time soon.