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Economists said this should allow the Federal Reserve to cut interest rates again this month despite stalled prog ... The unemployment rate is forecast to rise to 4.2% from 4.1% in October ...
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.
Officials see the unemployment rate ticking up slightly to 4.3% in 2025, lower than the previous forecast of 4.4%. Unemployment is expected to remain at that level through 2026 and 2027.
U.S. states by net employment rate (% of population 16 and over) 2022 [1] National rank State Employment rate in % (total population) Annual change (%) (=rise in employment) 1 Nebraska: 68.1 0.5 2 North Dakota: 67.8 1.3 — District of Columbia: 67.4 3.0 3 Utah: 67.1 1.1 4 South Dakota: 66.8 0.0 5 Colorado: 66.3 1.9 Iowa: 66.3 1.5 Minnesota: 66 ...
Monetary policy: The Federal Reserve conducts monetary policy, adjusting interest rates to move the economy towards a full employment target of around a 5% unemployment rate and 2% inflation rate. The Federal Reserve has maintained near-zero interest rates since the 2007–2009 recession, in efforts to boost employment.
The Federal Reserve, fighting inflation that hit a four-decade just over two years ago, raised its benchmark interest rate 11 times in 2022 and 2023, taking it to a 23-year high.
Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar year 2023. Figures do not include state-specific federal spending, or transfers of federal funds.
The unemployment rate dipped to 3.7% from 3.9% in November, and the US economy added 199,000 jobs, according to the latest monthly data from the BLS. - CNN’s Alicia Wallace contributed to reporting.