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To wit, the Fed actually lowered its unemployment forecasts from 4.4% to 4.2% for the end of this year and from 4.4% to 4.3% next year. Read more: What the Fed rate cut means for bank accounts ...
The Labor Department's closely watched employment report on Friday also showed the unemployment rate rising to 3.9% from 3.8% in March amid rising labor supply. Financial markets boosted the odds of a
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.
Line chart showing unemployment rate trends from 2000 to 2017, for the U3 and U6 measures. ... provides an unemployment rate forecast in its long term budget outlook ...
The labor force is the actual number of people available for work and is the sum of the employed and the unemployed. The U.S. labor force reached a record high of 168.7 million civilians in September 2024. [1]
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.
Meanwhile, the unemployment rate is expected to stay at 4 percent in 2024, a level it reached in May for the first time since January 2022. The downside of the Fed’s dot plot But there are ...
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 ...