US Unemployment Rate
Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy;
- US Unemployment Rate Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Jan 10, 2025 | 4.1% | 4.2% | 4.2% |
| Dec 6, 2024 | 4.2% | 4.1% | 4.1% |
| Nov 1, 2024 | 4.1% | 4.1% | 4.1% |
| Oct 4, 2024 | 4.1% | 4.2% | 4.2% |
| Sep 6, 2024 | 4.2% | 4.2% | 4.3% |
| Aug 2, 2024 | 4.3% | 4.1% | 4.1% |
| Jul 5, 2024 | 4.1% | 4.0% | 4.0% |
| Jun 7, 2024 | 4.0% | 3.9% | 3.9% |
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- US Unemployment Rate News
From think.ing.com|Jan 10, 2025|3 commentsThe US jobs report shows payrolls rose 256k in December versus the 165k consensus figure. Revisions to the past two months were -8k. The unemployment rate has fallen to 4.1% from 4.2% – the consensus was for it to hold at 4.2% with the risk skewed towards a 4.3% outcome. Wage growth was 0.3% month-on-month with the year-on-year rate slowing to 3.9% from 4%. All of this provides clear backing for a no change interest rate decision from the Federal Reserve later this month. There are two payrolls reports ahead of the March Federal ...
From @MaceNewsMacro|Jan 10, 2025|1 commentpost: CHI FED'S GOOLSBEE Q&A/CNBC: NEVER GOING TO COMPLAIN ABOUT A STRONG JOBS RPT; 'QUITE A STRONG CHRISTMAS SEASON; SOME QUESTIONS RE DATA REMAIN #Goolsbee #FederalReserve #economy post: FED'S GOOLSBEE: THE JOBS REPORT IS NOT A SIGN OF OVERHEATING. post: FED'S GOOLSBEE: CURRENT WAGE GROWTH IS CONSISTENT WITH 2% INFLATION GIVEN PRODUCTIVITY. post: CHI FED'S GOOLSBEE Q&A/CNBC: LOOKS LIKE JOBS MKT HAS 'STABILIZED AT FULL EMPLOYMENT;' IF GROWTH STRONGER TO SLOW FED MOVES; STILL UNCERTAINTY #Goolsbee #FederalReserve #economy post:
FED'S GOOLSBEE: IF CONDITIONS ARE STABLE AND THERE IS NO UPTICK IN INFLATION, WITH FULL EMPLOYMENT, RATES SHOULD GO DOWN.
From bls.gov|Jan 10, 2025|44 commentsTotal nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in health care, government, and social assistance. Retail trade added jobs in December, following a job loss in November. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm ...
From edition.cnn.com|Jan 10, 2025In 2024, job growth continued to cool off, settling back into a familiar gait that was roughly in line with the pace of job creation in 2010-2019. Through November, the US economy added about 180,000 jobs per month. The unemployment rate bumped higher but stayed near historic lows. Those headline measures helped lend some reassurance that the resilient and growing US economy is slowly heading toward that elusive “soft landing” of reining in inflation without cratering into a recession. How that likely shaped up through December ...
From cnbc.com|Dec 6, 2024Job creation in November rebounded from a near-standstill the prior month as the effects of a significant labor strike and violent storms in the Southeast receded, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls increased by 227,000 for the month, compared to an upwardly revised 36,000 in October and the Dow Jones consensus estimate for 214,000. chart The unemployment rate, however, edged higher to 4.2%, as expected. The unemployment rate rose as the labor force participation rate edged lower and the labor force ...
From bls.gov|Dec 6, 2024|25 commentsTotal nonfarm payroll employment rose by 227,000 in November, and the unemployment rate changed little at 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in health care, leisure and hospitality, government, and social assistance. Retail trade lost jobs. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by ...
From finance.yahoo.com|Dec 6, 2024The November jobs report is expected to show hiring rebounded last month after hurricanes and a strike by Boeing (BA) workers weighed heavily on the October report. The Bureau of Labor Statistics' monthly jobs report, slated for release at 8:30 a.m. ET on Friday, is expected to show nonfarm payrolls rose by 215,000 in November while the unemployment rate held steady at 4.1%, according to consensus estimates compiled by Bloomberg. In October, the US economy added just 12,000 jobs amid various disruptions to economic activity, while ...
From think.ing.com|Dec 5, 2024Eurozone government bond spreads tightened significantly on improving risk sentiment as Le Pen suggested a new budget could be put together in weeks. Front and centre though is the US payrolls report. Crucial as always, but this time interpretation is made tougher by returning strikers and the hurricane impact. Watch the unemployment rate this time. It's payrolls Friday ahead, and as always the number(s) are crucial On the number itself, we're repeating the below from our US chief economist, James Knightley: "Last month’s 12k outcome ...
| Released on Jan 10, 2025 |
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| Released on Dec 6, 2024 |
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