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 ...
"The changes to the statement were not as hawkish as they could have been. The Fed not taking the opportunity to strike a hawkish tone in the statement suggests that rate cuts this year are still on the table and that rate hikes are not unless inflation takes an unexpected turn for the ...
United States Unemployment Rate4.004.10percentJan 2025 Euro Area Unemployment Rate6.306.20percentDec 2024 The EURUSD spot exchange rate specifies how much one currency, the EUR, is currently worth in terms of the other, the USD. While the EURUSD spot exchange rate is quoted and exchanged in ...
U.S. employers added 275,000 jobs in February and the unemployment rate ticked higher, the Labor Department reported on Friday.Economists surveyed by LSEG expected a gain of 200,000 jobs and the unemployment rate to hold steady at 3.7%.Growth was driven by the hiring of health care and ...
US Treasury yields were stable on Thursday with markets broadly muted ahead of the jobs report due later today. Markets await the jobs report later today where an increase of 175k is expected on the Non-Farm Payrolls, while the unemployment rate and average hourly earnings YoY are both, expec...
The Fed maintains that there is still a path to a “soft landing”, whereby inflation comes back down to target without triggering a surge in job losses. Lay-offs are increasing, pushing the unemployment rate above 4 per cent, but the figure still remains historically low. ...
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 ...
The median GDP growth estimate for 2024 rose to 2.1% from 1.4%, and the projection for unemployment fell to 4% from 4.1%, with similarly upgraded forecasts for 2025 and 2026 as well. All of those numbers are in line with a healthy economy, not one that’s in a recession. ...
, 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....
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...