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The U.S. central bank last month delivered a third consecutive interest rate cut, lowering its benchmark overnight interest rate by 25 basis points to the 4.25%-4.50% range.
Officials see the unemployment rate ticking up slightly to 4.3% in 2025, lower than the previous forecast of 4.4%. Unemployment is expected to remain at that level through 2026 and 2027.
The unemployment rate stands at 4.2% as of November. Friday brings a fresh reading on the labor market, with economists expecting that jobless rate to hold steady at 4.2%.
Unemployment in the US by State (June 2023) The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication.
Annual rate of change of unemployment rate over presidential terms in office. From President Truman onward, the unemployment rate fell by 0.8% with a Democratic president on average, while it rose 1.1% with a Republican. [27] Job creation is reported monthly and receives significant media attention, as a proxy for the overall health of the economy.
Sahm rule 1949-2024. In macroeconomics, the Sahm rule, or Sahm rule recession indicator, is a heuristic measure by the United States' Federal Reserve for determining when an economy has entered a recession. [1]
The federal minimum has held at $7.25 an ... Millions of low-wage earners are getting a raise in 2025 as 21 states are slated to hike their minimum pay starting Jan. 1. ... Michigan's minimum wage ...
Workers in most states have 26 weeks of paid unemployment benefits, but according to the Bureau of Labor Statistics, 21% of workers are now taking more than 27 weeks to find a new job, up 3% from ...