President Donald Trump’s federal job cuts have coincided with a surge in unemployment claims in Washington, D.C. Nearly 4,000 claims have been filed since January, pushing total filings up 55% over six weeks. Washington, D.C., had an unemployment rate of over 5% in December 2024, one of the highest in the U.S. The national jobless rate was above 4% in December before dipping to 4% in January.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump's federal job cuts have coincided with a surge in unemployment
00:06claims in Washington, D.C.
00:08Nearly 4,000 claims have been filed since January, pushing total filings up 55% over
00:13six weeks.
00:14Washington, D.C. had an unemployment rate of over 5% in December, one of the highest
00:19in the U.S.
00:20The national jobless rate was above 4% in December before dipping even further in January.
00:25For all things money, visit Benzinga.com slash GSTV.