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 ...
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 ...
Yes, the unemployment rate is a touch higher now at 4.2% than it was at the start of the year (3.7%), but this surely reflects in part the transition period that occurs between rising participation in the workforce since 2023, and deployment into actual jobs. And the latest non-farm ...
, higher than in the status quo ante. Finally, with fewer deportations, labor markets will not be as greatly impacted as in the baseline. The labor supply will rise above the levels in the baseline scenario, and consequently, so will employment, limiting the gains in the unemployment rate....
Today, economists and analysts continue to digest all the information from the Federal Reserve's decision Wednesday. A slew of data was released on jobs and housing.
Unemployment Rate: 7.7% Fort Wayne Home Prices Nearly Half of the National Average US News points out that the cost of living in Fort Wayne is significantly lower than the national average. The national average cost to purchase a home in the United States in 2021 was $365,616 but in Fort...
The US added more jobs than expected in August but gains for the prior two months were revised sharply lower and the unemployment rate climbed, signs Federal Reserve rate hikes are gradually tightening the labor market. The US added 187,000 nonfarm jobs in August, slightly more than expected,...
Here are today's top 10 largest car companies by market capitalization, as electrification takes center stage. Julie PinkertonJan. 23, 2025 Bank Stocks to Buy for the Dividends These bank stocks are all $50 billion or more in market value with a 3% yield or higher. ...
22, 2023, in Owensboro, Ky. On Friday, Feb. 2, 2024, the U.S. government issues its January jobs report. Credit: AP/Greg Eans The unemployment rate has now come in below 4% for two straight years, the longest such streak since the 1960s. “Overall, the labor market remains st...
The unemployment rate is the percentage of workers who do not have a job but are a part of the labor force. It has historically been impacted by economic events and policies. Since 1929, wars, recessions, and a global pandemic have driven unemployment up. At other times, the health of th...