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These declining employment numbers reflect the challenging macroeconomic conditions emerging from the COVID-19 pandemic—and cutting interest rates could provide relief.
The steady employment gains in recent months suggest a rough answer. 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.
This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially able) not to work, supported by ...
Unemployment rate by jurisdiction. Data for all U.S. states, the District of Columbia [4] and Puerto Rico [5] is from June 2023 and September 2021, respectively. Data for Guam is from September 2019, and data for American Samoa is from 2018. Data for the Northern Mariana Islands is from April 2010 (more than ten years old) it is included but ...
The unemployment rate has risen in recent months amid a slowdown in hiring. It reached 4% in May for the first time since January 2022 and hit 4.3% in July, before declining to 4.2% in August ...
The unemployment rate also dipped slightly to 4.2%, in line with expectations, after it had unexpectedly risen to 4.3% in July, which was the highest level for the jobless rate since October 2021.
Prof. Mark MacCarthy (2014) The general consensus that innovation does not cause long-term unemployment held strong for the first decade of the 21st century although it continued to be challenged by a number of academic works, and by popular works such as Marshall Brain's Robotic Nation and Martin Ford's The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the ...
The Commonwealth's unemployment rate was one-tenth of a percentage point above its August 2023 level of 3.3%, while the national rate was up four-tenths of a percentage point over the year ...