unemployment rates

October Jobs Report: Impact of Auto Strikes on Labor Market and Economic Growth

Editor2 years ago2 years ago012 mins

The October jobs report from the Bureau of Labor Statistics has revealed a mixed picture for the US economy. Job growth slowed down, with 150,000 jobs added, falling short of the expected 180,000. Furthermore, the unemployment rate inched up to 3.9% from 3.8%, reaching its highest level since January 2022. The key contributor to this…

Fed’s Loretta Mester: The Resilience of the Job Market in the Face of Rising Unemployment

Editor2 years ago2 years ago010 mins

Interesting facts about unemployment in the US 1. According to the US Bureau of Labor Statistics, the national unemployment rate rose dramatically from 4.4 percent in February 2020 to 14.7 percent in April 2020 due to the economic impact of the COVID-19 pandemic. 2. Individuals between ages 16 and 24 experienced the highest unemployment rate…

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October Jobs Report: Impact of Auto Strikes on Labor Market and Economic Growth

Fed’s Loretta Mester: The Resilience of the Job Market in the Face of Rising Unemployment