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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.
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 ...
Fresh data from S&P Global showed the US economy is tracking for solid growth through the end of 2024. ... early August after the unemployment rate unexpectedly rose to 4.3%, triggering a commonly ...
Sahm rule 1949-2024. ... average of the national unemployment rate is 0.5 percentage point or more above its low over the prior twelve months, we are in the early ...
In the 32nd month of Biden’s term (October 2023), unemployment hit 3.8 percent, compared with a 3.6 percent rate at the same point in Trump’s presidential era.
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.
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]
Compared to the prior year, wages rose 4% in November, more than than 3.9% that had been forecast. Meanwhile, the labor force participation rate fell to 62.5% in November, down from 62.6% in October.