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.
Despite high unemployment among young people, most factories are short of workers. It might reflect false promises and poor conditions.
The unemployment rate is high among young Chinese graduates. What does it take a get a job in such a tough economy?
If you want to understand the challenge of slowing inflation without damaging the labor market, picture a skateboard ramp.
