The different behaviour of the unemployment rate across regions has been a keen area of research for many years. One important direction of this research has been the examination of the stationarity properties of the unemployment rate. While output variations drive fluctuations in unemployment over the...
But it is still enough to lower the unemployment rate over time. The rate is near a 16-year low of 4.4 percent. The figures provide some reassurance that the economy remains healthy. Consumer spending slowed in June and Americans cut back sharply last month on auto purchases. But the ...
Giacomo Santangelo, an economist at the jobs website Monster, said he doubted the Fed would take much comfort from the decelerating wage gains — or relent in its rate-hiking campaign. “As long as unemployment continues to go down,” Santangelo said, “as long as the economy continues to ...
Unemployment rate at lowest in 10 years America's job market rebounded in April. The unemployment rate dropped to 4.4%, its lowest level since May 2007. America added a solid 211,000 jobs in April, far surpassing the disappointing 79,000 jobs gained in March, according to Labor Department...
US data are used to explore the relationship between the unemployment rate and productivity at different cycle lengths by employing time–frequency methodology. Previous studies suggest that the unemployment rate is positively related to productivity increases in the short-run (high frequency ranges), an...
employment numbers were likely distorted by the effects of the hurricanes and dockworkers strikes. We expect employment to continue rising over the coming quarters, although at a slightly slower pace than at the start of 2024. The unemployment rate is expected to fall slightly in the last quarter...
The unemployment rate was unchanged at 4.1% in October 2024, while the actual number of people out of work was around seven million, according to theofficial data. However, these figures represent an increase over last year when the jobless rate was 3.8%, and the number of unemployed people...
Hiring in the U.S. grew slightly in August compared to last month as the unemployment rate dipped for the first time in a few months.
The US economy added 142,000 jobs last month and the unemployment rate dropped to 4.2% from 4.3%, according to Friday data from the Bureau of Labor Statistics. That’s slightly below expectations, with traders and economists considering this to be the most consequential piece of data in years...
is a crucial data source onunemploymentin the U.S., used to examine patterns and trends in unemployment.1The national unemployment rate is determined as a result of this survey; the media then tout this number to summarize the state of the economy and its workers. ...