Current Unemployment Rate 2024. Powell may use jackson hole speech to hint at how fast and how far the fed could cut rates. Unemployment rate rose to 4.3% in july and hiring slowed, adding to signs of a broader downturn in what has been a solid u.s.
According to provisional calculations of the federal statistical office (destatis), the seasonally adjusted number of persons in employment rose slightly by 8,000 (0.0%) compared with the previous month. This marks a notable increase from 7% in may 2024, reflecting ongoing economic challenges and labor market dynamics.
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