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The UCLA forecast saw California’s unemployment rate ranging from 4.6% to 4.7% over the next two years. That’s higher than its national forecast of 3.8% for the same period.
In California, for instance, the state unemployment rate hit 5.3% in February, up 0.8% from a year ago and the highest in the nation. New Jersey's unemployment rate hit 4.8% in February, also up 0.8%.
The nation’s unemployment last month was 3.8% as the economy added a surprisingly high 303,000 jobs Why does California have the nation’s highest unemployment rate? Three sectors were hit hard
There are many domestic factors affecting the U.S. labor force and employment levels. These include: economic growth; cyclical and structural factors; demographics; education and training; innovation; labor unions; and industry consolidation [2] In addition to macroeconomic and individual firm-related factors, there are individual-related factors that influence the risk of unemployment.
California employers, overall, added on net 6,800 new jobs in August. That was well below the state's monthly average of 17,750 this year and its population-based share of the nationwide August ...
For the second month in a row, California posted the highest unemployment figure in the country. And it was one of only two states with a jobless rate above 5%.
In the UK, inflation reached a 40-year high of 10.1% in July 2022, driven by food prices, and further increase is anticipated in October when higher energy bills are expected to hit. [205] In September, the Bank of England warned the UK may already be in recession [ 206 ] and in December, the interest rate was raised by the ninth time in the ...
Inflation forecasts are increasing, but overall progress is steady. ... 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% ...