Unemployment Rate

The U.S. unemployment rate is officially stuck at 4.2%, yet a lesser-known yardstick called "functional unemployment" now says roughly one in four American adults is effectively out of luck in the labor market, its highest reading in three months. What Happened: Compiled by the Ludwig Institute for...

In the face of economic uncertainty, UBS Global Wealth Management has revised its U.S. recession odds from 20% to 25%. This adjustment comes on the heels of softening job growth and unsettling July unemployment data. What Happened: UBS Global Wealth Management increased its recession odds due to...

The August jobs report released by the Bureau of Labor Statistics on Friday indicated a mixed picture for the U.S. labor market, as job creation exceeded expectations, but simultaneously, the unemployment rate inched upward and wage growth moderated more than expected. Non-Farm Payrolls Exceed...

The long-standing resiliency and tightness of the U.S. job market is starting to show the first signs of cooling. The most recent Department of Labor data reported a slightly higher-than-anticipated increase in initial unemployment claims for the previous week, which remained stable from a...

Anndy Lian, the author of "NFT: From Zero to Hero," considers last week's jobs data report — which showed a remarkable increase in non-farm payrolls and a marginal uptick in the unemployment rate — to be a potential catalyst for cryptocurrency adoption. "Positive job...

On today's (Oct. 10) episode of the "Stock Market Movers," host Mitch Hoch spoke to Shana Orczyk Sissel, CAIA, president and CEO of Banríon Capital Management, about the factors that create a recession and how the midterms will affect the markets. "It's very hard...

On today's Midday Market Update, Kevin Hill and Andrew Cox talk about the SONAR-powered data, issues and news that move you. They're joined by Ryan Houfek, CCO at DCLI; John Gallagher, chief Washington correspondent at FreightWaves; and Market Experts Anthony Smith and Zach Strickland. Watch...

In just two months, the coronavirus outbreak undid all the economic progress made since the 2008 financial crisis — including the lowest unemployment rate in 50 years. The U.S. unemployment rate spiked from 4.4% in March to 14.7% in April, according to the Bureau of Labor Statistics, which is...

The market seems to have regained a little confidence after yesterday’s late downward spiral, but the true test lies straight ahead. A three-day weekend looms, with the markets closed Friday for the holiday. Typically, selling has accelerated into weekends lately as many investors feel shaky...

A brutal, punishing initial weekly unemployment claims jump to 6.6 million last week sets the stage for Thursday’s trading. That’s double what analysts had been expecting, and topped even some of the highest estimates on Wall Street. For the workforce, it’s a devastating sign of...

On Tuesday, Treasury Secretary Steven Mnuchin stated in a meeting with Republican senators that the U.S. unemployment rate could reach 20% if significant fiscal action was not taken immediately. While this could be in part a threat to persuade the Senate to pass more fiscal stimulus, it is a...

After striking record lows in April, U.S. unemployment continued to drop in May. What Happened The Labor Department recorded a rate of just 3.8 percent against a 3.9-percent estimate. Nonfarm payrolls expanded 223,000, far exceeding a 189,000 forecast as well as last month’s addition...

With a reported 3.9-percent unemployment rate, April became one of six months in nearly 40 years when the figure fell below 4 percent. Before that, less than one-third of the months between 1948 and January 1970 saw lower or equivalent rates, according to the Bureau of Labor Statistics. The...

The U.S. unemployment rate continued to decline throughout April to 4.4 percent against a 4.6-percent forecast and 4.5-percent March rate, according to a Friday employment report by the Bureau of Labor Statistics. Economist Mohamed El-Erian said the lower rate could eventually manifest in higher...

President-elect Donald Trump may have made a large error in his first press conference following his election win on Wednesday. Speaking to reporters, Trump was asked a standard question on the economy. He answered that there "are 96 million [people] wanting a job and they can't get [one]. You...