Unemployment rate hits 4-year high
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The latest jobs report shows U.S. hiring slowed in November and employers shed jobs in October, providing a clearer view of the labor market after months of data disruptions.
The unemployment rate jumped to 4.6%, its highest level since September 2021 – up from 4.4% in September, according to government data.
While a falling unemployment rate sounds like a good thing, it can actually be indicative of people leaving the labor force because they can't find a job.
New data provided by the U.S. Bureau of Labor Statistics finds the unemployment rate to be at 4.6%.Data from that same research also showed that 9.7% of Bachelo
Not only is California’s unemployment rate again the nation’s highest among the 50 states, the number of unemployed workers in the state was up for the sixth straight month. The September rate, the latest data available, was 5.6%, according to the California Employment Development Department. The national rate was 4.4%.
Wisconsin’s aging population and large agriculture sector complicate the picture of how the labor market is doing, says a UW-La Crosse economist.
The 4.6% unemployment rate in November doesn’t represent a lot of people losing their jobs. It’s just that more and more people who want work are having trouble finding it.