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The unemployment rate was 4.2% ... Economists have said yearly wage growth needs to fall to 3.5% to align with the Fed’s 2% inflation goal. ... In Other News.
“The Fed needs more confidence to see what the true or underlying trend on inflation is and what the trend in the unemployment rate really is.” The latest remarks on interest rates and the ...
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 kicking off its policy easing cycle with an unusually large half-percentage-point ...
The number of Americans filing new applications for unemployment benefits rose slightly last week, pointing to steadily easing labor market conditions heading into the final stretch of 2024.
"We don't think we need further cooling in the labor market to get inflation below 2%," Powell said at his news conference. The unemployment rate, while still low at 4.2%, has risen nearly a full ...
With a growing labor force and fewer job openings, the unemployment rate has climbed from 3.6% to 4.1%. Employment prospects have shifted from two job openings per unemployed worker to just one.
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to ...
U.S. employers added 227,000 jobs last month, a rebound from a hurricane-impacted slowdown in October, but the unemployment rate ticked back up to 4.2%, the Labor Department's monthly read on the ...