American firms continued to hire workers at a torrid pace in May to meet strong demand amid a historically tight labor market and 8.3% inflation. … READ MORE >
unemployment rate
U.S. March jobs report: American labor market remains red hot
The American labor market remains red hot as the employment-to-population ratio among prime-age workers surged to 80.0% in March, up from 79.5% in February. … READ MORE >
December jobs report preview: Expect the unemployment rate to fall to 4.1%
We expect a net change in total employment of 475,000 jobs and a decline in the unemployment rate to 4.1% when the jobs report for December is published on Friday. … READ MORE >
Monetary and fiscal policy in a changing economy: Meeting the Fed’s full employment mandate
As workers have returned to the labor force, incomes have risen and the unemployment rate has dropped to 4.2%, a robust discussion has followed over what constitutes full employment in the American economy. … READ MORE >
November U.S. job data: A tale of two reports as unemployment rate fell to 4.2%
The labor market is tightening, and wages are rising in what is the best labor market for workers since the late 1990s. … READ MORE >
Chart of the day: The ‘real’ unemployment rate is 8.2%
The headline U3 unemployment rate of 4.8% for September is probably an undercount of the number of out-of-work people in the United States. … READ MORE >