unemployment rate

Nicole Cervi, economist at Wells Fargo, weighs in on the bond market, the Fed, and the job market.

Unemployment insurance claims dropped more than expected last week. The number of people filing for jobless benefits for the first time fell to 205,000, the lowest level since January.

The November unemployment rate in 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.

Nationally, the unemployment rate is low, at 4.2%. But it’s much higher in some parts of the country than others.

The “official” rate only counts unemployed people who have looked in the last four weeks. Five other rates track other kinds of unemployment.

Some unemployed Americans who want to work are discouraged by the job market, so much so that they’ve paused looking.

It looks at the concentration of job growth. When it’s above 50, more industries added jobs than shed them that month.

A strong job market alongside cooling price gains has economists debating a key model, Bloomberg’s Enda Curran reports.

Even a small increase in unemployment can result in disproportionate effects on marginalized groups.

China’s job market remains competitive as the economy recovers from zero-COVID. But some young people have lost their eagerness to compete.