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United States: unemployment rate at highest since January 2022

manhattantribune.com by manhattantribune.com
11 June 2024
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United States: unemployment rate at highest since January 2022
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The unemployment rate rose slightly to 4% in May in the United States, crossing this symbolic threshold for the first time since January 2022, but job creation is up sharply compared to April, and much more numerous than in the previous year. expected.

272,000 jobs were created last month, compared to 165,000 in April – a figure revised downwards – according to figures published Friday by the Labor Department. A stable unemployment rate of 3.9% was expected, while only 190,000 job creations were expected, according to the Market Watch consensus.

More details to come.

Tags: highestJanuaryratestatesunemploymentUnited
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