US Unemployment Rate

It is not really a case of jobless growth, just that job creation is more for the low-skilled

Some of the slowdown in hiring reflected the fading boost from unseasonably mild weather in January and February

The Fed earlier this week increased the rate by a quarter-of-a-percentage-point to 4.5 -4.75 per cent

Applications for US unemployment insurance last week fell slightly, hovering around historically low levels as the labor market holds strong despite a weakening economy

Amazon has started notifying its employees affected by its new round of layoffs, as a part of its plan to reduce its headcount by around 18,000 people, the media reported

Economists surveyed by The Wall Street Journal had predicted that new claims would increase 7,000 to 223,000, after claims grew 2,000 to 216,000 in the previous week, Xinhua news agency reported

Economists polled by Reuters had forecast 250,000 job gains, with estimates ranging from as low as 127,000 to as high as 375,000

With the labor market still tight, wage gains remained solid. Average hourly earnings increased 0.3% after a similar rise in August

The 'scariest economics paper of 2022' has warned that a high unemployment rate will be necessary to combat inflation and to bring it down to 2%

America's employers slowed their hiring in August in the face of rising interest rates, high inflation and sluggish consumer spending, all of which have weakened the outlook for the economy. The government reported on Friday that the economy added 315,000 jobs last month, down from 526,000 in July and below the average gain of the previous three months. The unemployment rate rose to 3.7 per cent, from a half-century low of 3.5 per cent in July, as more Americans came off the sidelines to look for jobs and didn't find work immediately. The smaller August gain will likely be welcomed by the Federal Reserve. The Fed is rapidly raising interest rates to try to cool hiring and wage growth, which have been consistently strong. Businesses typically pass the cost of higher wages on to their customers through higher prices, thereby fuelling inflation. Fed officials hope that by raising borrowing costs across the economy, they can reduce inflation from a near-40-year high. Some economists

'It's essential that we bring inflation down if we are to have a sustained period of strong labor market conditions that benefit all,' Fed chair said at a hearing before US Senate Banking Committee

US Federal Reserve officials are beginning to signal that their efforts to tackle scorching inflation by raising interest rates may lead to higher unemployment, said a report

Economists polled by Reuters had forecast payrolls increasing by 325,000 jobs last month. Estimates ranged from as low as 250,000 jobs added to as high as 477,000.

Last quarter's drop in the US gross domestic product the broadest gauge of economic output does not likely signal the start of a recession.

Large firms hired 321,000 workers, medium-sized businesses added 46,000, while small companies cut 120,000 employees: Report

Initial jobless claims in the US last week fell to 166,000, the lowest level in over five decades, indicating continued labour market tightness, the Labour Department reported.

Initial jobless claims in the US last week fell to 214,000, the lowest level since the beginning of this year, the Labour Department reported

In the 12 months through January, the CPI jumped 7.5%, the biggest year-on-year increase since February 1982

The number of Americans applying for unemployment benefits plunged last week to the lowest level in 52 years, more evidence that the US job market is recovering from last year's coronavirus recession.

Nonfarm payrolls climbed 210,000 in November after upward revisions to each of the prior two months, a Labor Department report showed Friday