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Caleb Franzen: Public sector job cuts contribute to rising U.S. unemployment rate
Caleb Franzen, industry influencer, comments on the recent increase in the U.S. unemployment rate, attributing it in part to a decline in public sector employment.
Franzen suggests that this trend is positive, arguing that government jobs are not productive as they are funded through debt or taxpayer money.
Franzen has previously commented on earnings and transaction flows in major payment networks. He highlighted that Visa and Mastercard each reported 9% year-over-year growth in payment volume, countering recession concerns. Earlier, Altcoin Sherpa warned that the altcoin market cap outside the top 10 coins was barely holding support.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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