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The number of Americans filing new applications for unemployment benefits rose slightly last week, pointing to steadily easing labor market conditions heading into the final stretch of 2024.
Economists polled by Reuters had forecast 220,000 claims for the latest week. ... the unemployment rate ticked up to 4.2% after holding at 4.1% for two consecutive months. ... The best gift ...
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.
The central bank slashed interest rates by a total of 100 basis points in 2024. ... Officials see the unemployment rate ticking up slightly to 4.3% in 2025, lower than the previous forecast of 4.4 ...
Unemployment rates historically are lower for those groups with higher levels of education. For example, in May 2016 the unemployment rate for workers over 25 years of age was 2.5% for college graduates, 5.1% for those with a high school diploma, and 7.1% for those without a high school diploma.
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.
It is, however, taking longer for laid-off workers to find new jobs, posing an upside risk to the unemployment rate. The report from the Labor Department on Thursday also showed unemployment rolls ...
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%.