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A jump in the unemployment rate to 4.3% in July from 3.7% at the start of the year saw the Federal Reserve kicking off its policy easing cycle with an unusually large half-percentage-point ...
It is, however, taking longer for laid-off workers to find new jobs, posing an upside risk to the unemployment rate. The report from the Labor Department on Thursday also showed unemployment rolls ...
Sluggish hiring, however, means some people who lose their jobs are collecting unemployment checks for longer periods relative to early this year, potentially keeping the jobless rate above 4.0%.
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.
Economists polled by Reuters had forecast 220,000 claims for the latest week. ... the unemployment rate ticked up to 4.2% after holding at 4.1% for two consecutive months. ... In Other News.
The jump in the unemployment rate, from 4.1% in June and 3.5% in July 2023, came amid increasing concerns of a weakening economy as high interest rates meant to fight inflation continue to weigh ...
Unemployment rates historically are lower for those groups with higher levels of education. For example, in May 2016 the unemployment rate for workers over 25 years of age was 2.5% for college graduates, 5.1% for those with a high school diploma, and 7.1% for those without a high school diploma.
The Fed jacked up interest rates 11 times in 2022 and 2023. Defying predictions, the economy kept growing despite much higher borrowing rates for consumers and businesses. But since early this ...