US labour market

US labor market cooling; unemployment rate rises to two-year high of 3.9%

The jump in the unemployment rate after holding at 3.7 percent for three straight months reflected a further decline in household employment

US unemployment rate spikes to 3.8%; labor market still has momentum

US job growth picked up in August, but the unemployment rate jumped to 3.8 percent and wage gains moderated, suggesting that labor market conditions were easing and cementing expectations that the Federal Reserve will not raise interest rates this month.

March 9, 2024
March 9, 2024

US labor market cooling; unemployment rate rises to two-year high of 3.9%

The jump in the unemployment rate after holding at 3.7 percent for three straight months reflected a further decline in household employment

September 2, 2023
September 2, 2023

US unemployment rate spikes to 3.8%; labor market still has momentum

US job growth picked up in August, but the unemployment rate jumped to 3.8 percent and wage gains moderated, suggesting that labor market conditions were easing and cementing expectations that the Federal Reserve will not raise interest rates this month.