News about unemployment

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

Building on the momentum generated by historic American Rescue Plan Act investments in unemployment insurance modernization, we've released a comprehensive plan for transforming the unemployment insurance system. blog.dol.gov/2024/05/03/charting-a-path-for-unemployment-insurance

April jobs report key takeaways: 1) This is a historic job market w/unemployment under 4% for 27 months 2) Hiring is good, but slowing 3) Healthcare is now the major industry hiring 4) Wage growth is above inflation 5) Signs of cooling = temp help decline, avg work week down pic.twitter.com/sGUHTDZpHJ

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