#bls-nomination

#bls-nomination

An email was sent to White House staff on 24 March, warning them against using insider information to place bets on prediction markets like Kalshi or Polymarket.

At least 125 employees, which is more than 20% of the company's workforce, were let go as Underdog shifts away from some of its traditional offerings and leans more heavily into prediction markets. Teams in fraud operations, marketing, customer support, and product were among those affected.

I'm here on this panel today answering your questions as the inspector general. I hope if you are indeed doing this that you do resign. I am well aware of the Hatch Act. The inspector general is currently heading an investigation into both Labor Secretary Lori Chavez-DeRemer, who is accused of committing travel fraud and having an affair with her bodyguard, and the secretary's husband Shawn DeRemer, who allegedly assaulted at least two female department employees.

The job market is struggling in the face of so many headwinds. Companies are going to be even more reluctant to hire this spring until the war ends and they can see consumers still spending. It's a tense time for the U.S. economy.

On Wednesday, the government reported that U.S. employers added a surprisingly strong 130,000 jobs in January and the unemployment rate fell to a still-low 4.3% from 4.4%. However, government revisions cut 2024-2025 U.S. payrolls by hundreds of thousands. That reduced the number of jobs created last year to just 181,000, a third of the previously reported 584,000 and the weakest since the pandemic year of 2020.

It's an indicator of economic health and the direction of the state,

U.S. employers added a surprisingly strong 130,000 jobs last month, but government revisions cut 2024-2025 U.S. payrolls by hundreds of thousands. The unemployment rate fell to 4.3%, the Labor Department said Wednesday. The report included major revisions that reduced the number of jobs created last year to just 181,000, a third the previously reported 584,000 and the weakest since the pandemic year of 2020. The job market has been sluggish for months even though the economy is registering solid growth.

The reporting landed on the same day that a group of Senate Democrats launched an investigation into Chavez-De-Remer's policy moves at the Labor Department, accusing her agency of showing "disregard for workers' lives" by "rolling back protections that keep workers safe and hobbling the agency that is tasked with overseeing worker safety."

The average perceived probability of finding a job if one's current role was lost fell to 43.1% in December 2025, a 4.2% drop from the year before, according to recent data from the Federal Reserve Bank of New York. It marks a record low since the surveys started tracking the data back in 2013, and the report notes that several demographics are driving rock-bottom employment expectations.