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The U.S. central bank last month delivered a third consecutive interest rate cut, lowering its benchmark overnight interest rate by 25 basis points to the 4.25%-4.50% range.
Jobless claims dropped by 9,000 to 211,000 last week, the Labor Department reported Thursday. The overall numbers receiving unemployment benefits fell by 52,000 to 1.84 million.
Last month’s payroll gains were significantly lower than the 175,000 that economists were expecting, according to FactSet. The unemployment rate was forecast to remain at 4.1%.
The unemployment rate ticked higher to 3.9%, according to the Bureau of Labor Statistics. April marks the 27th consecutive month that the jobless rate has held under 4%, matching a streak last ...
The unemployment rate has been 7.9 percent, 7.8 percent and 7.8 percent for the past three months, while the labor force participation rate has been 63.8 percent, 63.6 percent and 63.6 percent. Meanwhile, job gains have averaged 151,000.
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.
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. ... That was revised up from the 2.5% rate ...
The BLS uses the data to publish reports early each month called the Employment Situation. [2] This report provides estimates of the unemployment rate and the numbers of employed and unemployed people in the United States based on the CPS. A readable Employment Situation Summary [3] is provided monthly. Annual estimates include employment and ...