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The number of Americans filing new applications for jobless benefits unexpectedly fell last week, pointing to low layoffs at the end of 2024, consistent with a healthy labor market. Initial claims ...
That’s fewer than the 223,000 analysts forecast. Continuing claims, the total number of Americans collecting jobless benefits, climbed by 46,000 to 1.91 million for the week of Dec. 14.
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.
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 unemployment rate is at a modest 4.2%, though that is up from a half century low 3.4% reached in 2023. ... the Fed went ahead and cut its benchmark interest rate for the third time in 2024 ...
The unemployment rate stood at 4.1% in October. Job growth for September was also revised higher on Friday, with revisions now indicating the US economy added 56,000 more jobs than initially ...
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 forecast to remain at 4.1%. ... Stocks slid Friday as the jobs report added to fears that the US economy is weakening. The Dow fell by more than 900 points, or 2%, in mid ...