U.S. unemployment rate hits highest level since 2021
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The unemployment rate rose more than expected in November and previous jobs figures were revised downward as the first full report after months of a data fog revealed a weakening labor market. Hiring remained steady as US employers added 64,
The United States gained a decent 64,000 jobs in November but lost 105,000 in October as federal workers departed after cutbacks by the Trump administration, the government said in delayed reports.
The US economy added 64,000 jobs in November as the unemployment rate crept up to 4.6%, according to Labor Department data published Tuesday. The unemployment rate is now at its highest level since September 2021.
The latest employment report showed that 64,000 jobs were added in November, following the loss of 105,000 in October.
The unemployment rate in November rose to 4.6%, its highest level since September 2021.
The US economy added 64,000 jobs in November as the unemployment rate crept up to 4.6%, according to Labor Department data published Tuesday.
US unemployment rises to 4.6% in November as job growth stays weak amid economic uncertainty, trade policy concerns, federal job cuts, and delayed labour data.
The Michigan Senate voted to give amnesty to people who the state says were overpaid unemployment benefits during the height of the COVID-19 pandemic.