The U.S. economy added 295,000 workers to payrolls in February and the U.S. unemployment rate fell to 5.5%, Bloomberg reports. “The median forecast in a Bloomberg survey of 96 economists projected employment would rise by 235,000… The jobless rate was projected to drop to 5.6% from January’s 5.7%.” The post Unemployment Rate Falls to 5.5% appeared first on Political Wire.
BING NEWS:
- Hotel occupancy rate dips slightly as migrants begin to vacate
New York's hotel occupancy rate faltered slightly from its October high as rooms used to shelter migrants begin to empty out.
12/27/2024 - 5:39 am | View Link - Augusta area's jobless rate dropped, but so did the labor force. Here's why.
Augusta's unemployment rate is lower, but so is the number of people in the area's labor force. The Georgia Department of Labor announced Thursday that Augusta recorded an unemployment rate of 4.7% in ...
12/26/2024 - 8:15 pm | View Link - Pritzker touts rising minimum wage as Illinois’ unemployment rate has increased
Illinois employers are bracing for minimum-wage hikes, which may lead to more job cuts around the state. Illinois’ minimum wage is rising from $14 per hour to $15 on Jan 1, the final increase in a ...
12/26/2024 - 4:22 am | View Link - Key takeaways from the Fed’s third rate cut
The Federal Reserve on Wednesday cut interest rates by a quarter point, the third rate cut since it began to lower borrowing costs in September.
12/18/2024 - 3:28 am | View Link - More
- Unemployment rate changed little at 4.2 percent in November 2024
The unemployment rate changed little at 4.2 percent in November 2024. Among the major worker groups, the unemployment rate for Blacks (6.4 percent) edged up in November. The jobless rates for adult men (3.9 percent), adult women (3.9 percent), teenagers (13.2 percent), Whites (3.8 percent), Asians (3.8 percent), and Hispanics (5.3 percent) showed little or no change over the month.
12/27/2024 - 4:09 am | View Link - Civilian unemployment rate
Civilian unemployment rate Charts related to the latest "The Employment Situation" news release | More chart packages
12/26/2024 - 12:38 pm | View Link - United States Unemployment Rate
The unemployment rate in the United States went up to 4.2% in November of 2024 from 4.1% in the prior month, in line with market expectations. The number of unemployed individuals increased by 161,000 to 7.145 million, while employment levels decreased by 355,000 to 161.141 million.
12/26/2024 - 12:02 pm | View Link - What Is the Unemployment Rate?
The unemployment rate is the percentage of the labor force without a job. It is a lagging indicator and generally rises or falls with changing economic conditions.
12/26/2024 - 4:03 am | View Link - What is the unemployment rate in the US right now?
In November 2024, the unemployment rate in the US was 4.2%. The unemployment rate historically has increased during or shortly after the start of a recession. As economic activity slows, demand for goods and services decreases, leading businesses to cut costs with layoffs or hiring freezes.
12/25/2024 - 2:20 pm | View Link - More
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