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Initial claims for state unemployment benefits dropped 22,000 to a seasonally adjusted 220,000 for the week ended Dec. 14, the Labor Department said. Economists polled by Reuters had forecast ...
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 ...
While some economists are expecting the unemployment rate to fall to 3.8% in March, that prediction should be taken with a grain of salt — the forecast for the February unemployment rate was 3.7%.
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]
The US labor market added more jobs than expected in May, ... the unemployment rate rose to 4% from 3.9% the month prior. ... 2024, in Los Angeles, California. ...
When unemployment percentages are shown it does not categorize all men and women who are out of work. It only accounts for the men and women who are actively seeking employment. To those who are no longer looking for work they are simply categorized as "out of the workforce". As of February 2018 the unemployment rate for the United States was 4.1%.
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. Nonetheless, the jobless rate ...
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 ...