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Coronavirus: Unemployment could top 32% as 47 million lose jobs, Fed says
By Paul Davidson
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Formerly Twitter
U.S. Department of Labor
USDOL
ICYMI: The unemployment rate in April 2024 was 3.9%. It has been below 4% for more than two years — the longest stretch of unemployment this low in over 50 years. 📉 www.bls.gov/news.release/pdf/empsit.pdf #JobsReport pic.twitter.com/EkrOF8TH7X
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U.S. Department of Labor
USDOL
These are the April unemployment rates by race. These figures change frequently month-to-month and the department tracks the trends. www.bls.gov/news.release/empsit.nr0.htm #JobsReport pic.twitter.com/kUTItt4OKu
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Jason Furman
jasonfurman
Pretty much a goldilocks job report. 175K jobs is respectable at any time and in the context of strong prior months so a ~250K monthly average even more so.
Unemployment ticked up to 3.9%.
Earnings growth slowed.
Most reassuring data for the Fed in the last 2+ weeks. pic.twitter.com/5G1iCTy3Cz
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Heather Long
byHeatherLong
The big picture: US unemployment has been below 4% for 27 months. That's an incredible stretch that hasn't happened since the late 1960s.
Hiring has slowed in past year, but it's still encouraging:
Labor force +1.3 million in the past year as more people look for work.
# of… pic.twitter.com/w7QJBgWF4L
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