Investors Have One Eye on Friday’s Jobs Report (2024)

FAQs

What is the US unemployment rate right now? ›

Basic Info. US Unemployment Rate is at 4.30%, compared to 4.10% last month and 3.50% last year.

The monthly jobs report estimates the U.S. unemployment rate and the monthly change in nonfarm payrolls as well as average earnings and hours worked.

The unadjusted unemployment rate in the United States stood at 4.1 percent in June 2024. This data is not seasonally adjusted. The adjusted monthly unemployment rate can be found here and the monthly civilian labor force participation rate here.

PressOffice@bls.gov JOB OPENINGS AND LABOR TURNOVER – JUNE 2024 The number of job openings was unchanged at 8.2 million on the last business day of June, the U.S. Bureau of Labor Statistics reported today.

In the USA, Massachusetts, Washington and Minnesota are the states with the best payments, since the maximum amount is $1,015, $999 and $857, respectively.

South Africa has the Highest Unemployment Rate in the World as Jobs Bloodbath Continues. ActionSA is highly concerned about South Africa's unemployment crisis, as for every 100 South Africans that entered the labour market this year, only six could get a job.

Slowing job growth may cause the Fed to reduce interest rates, which historically correlates with higher stock prices. On the other hand, job growth and low unemployment may spur the Fed to pump the brakes on economic growth by increasing interest rates, which typically depresses stocks.

fyi counted 28,970 jobs gone during the first 31 days of 2024. Altogether, that's more than 40,000 Americans laid off in January alone. Based on a new Resume Builder survey, four in 10 companies said they are likely to have layoffs in 2024.

The U.S. economy added 272,000 jobs in May, underscoring the labor market is too hot for the Federal Reserve.

South Dakota recorded the nation's lowest unemployment rate at 2%, followed by North Dakota and Vermont, both at 2.1%.

Which state has the highest unemployment rate? ›

1. Which is the state with the highest unemployment rate in India? How about the state with the lowest unemployment rate in India? As of December 2022, Haryana had the highest unemployment rate in India, at 37.4 percent.

Many companies had to downsize or close, millions retired early, and the average employee sought more freedom and flexibility in their working schedules. All of this resulted in a lower labor force participation rate where less Americans were working.

The most common job in America is retail salesperson, with 3.76 million people in these jobs.

Pre-pandemic levels of the labor force participation rate were much higher than today, with a major chunk of the workforce now retired. Whether forced into early retirement by being furloughed or laid off or doing so willingly; Covid-19 has greatly impacted the participation and recovery of older workers.

Unemployment was most severe in 1933 in Michigan, which also stands at the head of the array of the 1930-33 average with a rate of 35.9 percent.

South Dakota recorded the nation's lowest unemployment rate at 2%, followed by North Dakota and Vermont, both at 2.1%. Table with 3 columns and 5 rows.

Is unemployment rising or falling? The unemployment rate has remained low and stable, fluctuating between 3.9% and 4.1% since Nov. 2021.

The level at which unemployment equals positive output is highly debated. However, economists suggest that as the U.S. unemployment rate gets below 5%, the economy is very close to or at full capacity. So at 3.5% one could argue the level of unemployment is too low, and the U.S. economy is becoming inefficient.