Consider what happened in January: The government said Friday that employers added a sizzling 517,000 jobs last month and that the unemployment rate dipped to 3.4%, the lowest level since 1969. The job gain was so large it left economists scratching their heads and wondering why the Fed’s ...
The sharp slowdown in the labor market had been flagged for a while in sentiment surveys and a rise in the number of people on unemployment benefits. The Fed's rate hikes in 2022 and 2023 have weighed on demand for labor, with government data this week showing hires in June were the...
And while layoffs dominate headlines, the US unemployment rate remains low, at 3.5 percent as of March 2023, and the labor market remains very tight.It’s no wonder, then, that as the US economy continues to send mixed signals, consumers are doing the same. According to the results of ...
especially amid the backdrop of the Federal Reserve's continued interest rate hikes. These measures have seemingly yielded significant policy achievements, with record highs in the stock market, a continuous decline in the unemployment rate, and robust growth in the gross domestic product (GDP). ...
It is worth noting that the US unemployment rate is still very low. Finally, credit card transaction data signals spending confidence rather than financial strain. Even as Americans pay higher prices for essentials like housing and groceries, credit card spending ...
Published: 28 October 2023 Volume 66, pages 2169–2190, (2024) Cite this article Empirical Economics Aims and scope Submit manuscript Patrick M. Crowley & David Hudgins 939 Accesses Explore all metrics Abstract US data are used to explore the relationship between the unemployment rate and ...
seems to be the main determinant of third-quarter results. Gen Zers and millennials across income groups report higher rates of optimism compared with Gen Xers and baby boomers. This could be related to the long-term unemployment rate, since a higher percentage of Gen Xers arelong-ter...
The unemployment rate 3.8%, further signaling leverage for workers. Success or partial victories in high-profile union fights can also inspire organizing across industries — and bring lessons for future contract talks. A takeaway from the UAW’s strike, for example, “is to act agg...
suggesting that the gap that had widened between women and men during the pandemic had started to narrow.4However, by November 2023, the gap had widened again, with the overall unemployment rate at 3.7%, the rate for women at 3.4%, and the rate for men at 4.0%, according...
Those individuals who are unemployed and have not looked for work in the past four weeks are not counted in the unemployment rate. In the U.S., the unemployment rate only takes into consideration those in the labor force, which are people that are working or not working ...