Ongoing recovery from the COVID-19 pandemic and short-term unemployment are contributing to Nevada having the highest unemployment rate in the nation, with every county in the state having a rate higher than the national average.
Employment growth in the US likely cooled and wage increases moderated in August, reducing the urgency for another interest-rate hike by the Federal Reserve and tempering inflation risks.
U.S. job growth is slowing down but remains steady, with the unemployment rate settling at 3.5% in July and predictions that the August jobs report will show similar results, although concerns remain regarding potential slowdowns and negative growth.
The US added more jobs than expected in August, but the unemployment rate increased, while average hourly earnings and nonfarm payrolls growth were slightly below forecasts.
The US added 187,000 jobs in August, but the unemployment rate rose to 3.8 percent, indicating a plateau in the labor market as the Federal Reserve considers another interest rate hike.
Ohio reported its lowest unemployment rate on record, with 3.3% for July, but there are still areas for improvement, including a labor force that has yet to fully recover and lower wages due to inflation.
The US added more jobs than expected in August, but the unemployment rate rose, causing little change in the price of bitcoin while traditional markets reacted positively.
The August employment report showed an increase in unemployment and a jump in the number of workers unemployed for more than 27 weeks, indicating a normalization of the labor market; however, the report also highlighted the potential for further job gains in September as new labor force entrants search for employment.
The number of Americans filing for unemployment benefits increased slightly to 204,000, but overall job losses remain low, indicating a strong economy and no signs of rising unemployment.
The unemployment rate in the eurozone reached its lowest level ever at 6.4% in August, thanks to the strong economic recovery following the COVID-19 pandemic, with the highest rates recorded in Spain and Greece, and youth unemployment remaining higher than the general population.
The United States is expected to add 170,000 jobs in September, which would mark the fourth consecutive month with an increase below 200,000, potentially exacerbating the labor shortage and making it difficult for the Fed to control inflation. The unemployment rate is forecast to fall slightly to 3.7%, while wage growth is expected to rise 0.3%. The impact of labor-union strikes, such as the expanded strike by auto workers, could also affect employment growth.
The number of Americans filing new claims for unemployment benefits rose moderately last week, while layoffs declined in September, pointing to still-tight labor market conditions at the end of the third quarter. Additionally, the trade deficit shrank to its smallest in nearly three years in August, with exports of capital goods reaching a record high.
U.S. job growth is expected to have slowed in September, but the unemployment rate likely decreased from a 1-1/2-year high, indicating the underlying strength of the economy; wage gains are also expected to remain elevated.
U.S. employment increased by the most in eight months in September, pointing to a strong labor market and potentially giving the Federal Reserve reason to raise interest rates, though wage growth is slowing.
As worker strikes increase in 2023, some states like New York and New Jersey are offering unemployment benefits to strikers, while other states are considering similar policies.
The number of Americans applying for unemployment benefits remains unchanged at historically low levels, indicating a strong job market in the face of higher interest rates.
The article discusses the 20 states with the lowest unemployment rates in the US, highlighting specific industries and job opportunities in each state.
The national unemployment rate in the U.S. is currently at 3.8 percent, with some states such as Nevada experiencing higher rates due to the impact of the pandemic on industries like arts, recreation, and food services, while other states like Maryland have the lowest unemployment rate in the country at 1.6 percent.
