Cyber threats remain a key structural vulnerability, and the number of incidents that have or could have resulted in substantial financial losses has increased steadily over the past decade. Financial system participants are particularly concerned about cyber incidents at third-party service providers.
Private payrolls appear to have bottomed out earlier this year and to have posted a noticeable increase in March, and the unemployment rate is down a bit from its recent high. Despite that good news, the labor market remains extremely weak.