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WASHINGTON (Reuters) -U.S. job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labor market ended the year on a solid footing, reinforcing views that ...
The unemployment rate fell to 4.1% from 4.2% in November. December marked the most monthly job gains seen since March 2023. Revisions to the unemployment rate in 2024 also showed the labor market ...
October 2010 Canadian unemployment rate: 7.9% [23] November 2010 Canadian unemployment rate: 7.6% [ 26 ] The employment rate has been stabilized between 8.0% and 11.0% for the past two years; signifying the economic strength of Canada's financial institutions compared to its counterparts in the United States.
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
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The Congressional Research Service summarized a variety of studies that indicated changes in unemployment between 2007 and 2010 were 65–80% cyclical, thus mainly due to reduced aggregate demand for goods and services. Labor mobility was not a key issue due to the widespread nature of job losses across geographies and industries.
The state has yet to return to its pre-pandemic unemployment rate of about 3.5%, even as it leads the country in new jobs created. However, state economic experts say the unemployment rate is an ...
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