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Economists polled by Reuters had forecast 230,000 claims for the latest week. ... A jump in the unemployment rate to 4.3% in July from 3.7% at the start of the year saw the U.S. central bank ...
The CBO said it expects rates to continue to rise, as well as slower growth in the gross domestic product for the rest of this year and unemployment reaching 4.7% by the end of 2024.
"From the Fed's perspective, the unemployment rate started the year in 'too hot' territory at 3.7%, but it has cooled to 'just right' at 4.1% in December," Wells Fargo senior economist Sarah House ...
The survey polls America's top business economists, collecting their forecasts of U.S. economic growth, inflation, interest rates, and a host of other critical indicators of future business activity. [1] It has a sister publication called Blue Chip Financial Forecasts, which surveys forecasts of the future direction and level of U.S. interest ...
Seventy-four percent think the unemployment rate will be less than 4.5% this time next year. And only 32% think there will be a recession, with 49% saying no recession. Artificial intelligence is ...
Unemployment in the US by State (June 2023) The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication.
The unemployment rate was 4.2%. ... 2024 at 12:35 PM. ... In 2022 and 2023, the Fed hiked its key interest rate to a 23-year high of 5.25% to 5.5% to fight inflation. With annual inflation falling ...
Although the old unemployment rate series', which include part-time workers looking for full-time work and unemployed who stopped looking over a year ago, is still published monthly by BLS, the U-3 series is generally considered more meaningful and is the headline rate picked up by most media outlets. [5]