Browsing: Unemployment

In the second quarter of 2024, the U.S. labor market demonstrates resilience despite a slight uptick in national unemployment to 4.0%. Regional disparities, such as higher unemployment in Washington, D.C., and California, contrast with low rates in the Dakotas, reflecting diverse economic conditions. The Job Openings and Labor Turnover Survey (JOLTS) reveals stability in job openings and a rise in worker mobility, signaling confidence in job prospects. As the labor market evolves, understanding these nuanced changes is essential for policymakers and businesses to sustain growth and address economic challenges.