Strong employment growth over the past year has occurred in most states and has contributed to
falls in unemployment rates in every state (Table 7).
Most tellingly, the US nonfarm payroll report for June showed that the US economy has continued to create plentiful jobs, which has led to
a fall in the unemployment rate to 5.3 %.
In addition, labour market conditions have tightened over recent months, as seen in the above - trend growth in employment in the December quarter,
the fall in the unemployment rate and reports of labour shortages and pressure on non-wage costs.
These states also recorded the largest
falls in their unemployment rates over the past year (Table 9), with the Tasmanian unemployment rate converging noticeably on the national average.
Not exact matches
In many economies, growth in activity has picked up and unemployment rates have falle
In many economies, growth
in activity has picked up and unemployment rates have falle
in activity has picked up and
unemployment rates have
fallen.
In particular, activity growth has picked up and
unemployment rates have continued to
fall.
Miami
fell in the middle on our metrics, with its 4.1 % February 2018
unemployment rate falling just above the average
rate of 4.0 % among the 40 largest metro areas, and a Q3 2017 weekly wage of $ 963 just below the average of $ 1,095.
Nonfarm payrolls grew by 98,000
in March, well below the 180,000 anticipated, despite the
unemployment rate falling to 4.5 percent.
Though the rebound
in growth over the past couple of years has seen
unemployment across the bloc
fall, the jobless
rate remains elevated at 8.5 percent.
In the euro zone, new unemployment data showed the rate falling to 9.5 percent in February from 9.6 percent in Januar
In the euro zone, new
unemployment data showed the
rate falling to 9.5 percent
in February from 9.6 percent in Januar
in February from 9.6 percent
in Januar
in January.
Japan «s
unemployment rate has been
falling partly due to its shrinking labor force and a shortage of workers
in construction, healthcare and hospitality.
Japan «s
unemployment rate held steady
in October as the availability of jobs improved and household spending
fell at a slower pace, a tentative sign that a robust labor market is lending support to domestic demand.
The
unemployment rate across Australia, and especially
in Western Australia, has recorded a surprising
fall, with the local number affected by a special adjustment by the Australian Bureau of Statistics.
The
unemployment rate in Western Australia was unchanged at 6.1 per cent
in September, however it disguised a
fall in employment as the number of people working
fell by over 9,000 during the month.
Western Australia's
unemployment rate has
fallen by a surprising 0.9 per cent
in the month of December, while job numbers were up for a record - equalling 15th consecutive month nationwide, with economists giving positive assessments of the labour market.
Since the government started tracking it
in 1972, the black
unemployment rate had not
fallen below 7 percent until December.
The
unemployment rate fell to 6.7 percent, from 7 percent, but that was less about job creation than about people, fed up or unsuccessful
in their job searches, dropping out of the labor force.
However, the youth
unemployment rate fell much faster
in Australia, reaching a low of 8.7 %, while Canada's best performance was a
rate of 10.9 %
in August, 2008.
America's
unemployment rate fell to 7.8 %
in September, while Gallup's U.S. Job Creation Index — which looks at the country's net job creation — is up 263 % since it bottomed out
in April 2009.
The move is a vote of confidence
in the U.S. economy — a signal that consumers and businesses don't need quite as much help via monetary policy now that the
unemployment rate has
fallen to 4.6 percent, close to what economists call full employment.
In May, U.S. payrolls grew by just 54,000, which was well below already - downgraded analyst expectations of 170,000, while the
unemployment rate increased 0.3 % to 9.1 %, instead of
falling, as expected, to 8.9 %.
«A stress test that claims that if the Dow
falls by 60 %, the
unemployment rate rises to 12 %, housing prices decline substantially more than they did during the 2008 recession, GDP declines by 6 - 7 % — and that all of that can happen and no bank will be
in serious financial trouble or have any problem of being undercapitalized or illiquid — I kind of think says more about itself than it says about the health of the banking system.»
Gold futures
fell to their lowest level
in two weeks as the U.S.
unemployment rate dropped to 5.1 percent, a seven - year low.
Economic growth has been
falling since 2010 and the economy has been operating below its potential since then; employment growth, particularly full time employment growth has struggled;
in 2014 only 121,000 jobs were created; employment growth has not kept up with population growth; labor force participation has declined to its lowest level since 2000; long - term
unemployment has increased; the
unemployment rate remains stuck at just under 7 per cent, and youth
unemployment is at 14 per cent; business investment has stagnated; and Canadians are losing confidence
in their economic future.
Despite disappointing job growth last month, the
unemployment rate fell to its lowest level since early 2008, sharpening the debate within the Federal Reserve over whether to raise interest
rates when policy makers meet
in two weeks.
But the
unemployment rate's
fall to 5.1 percent from 5.3 percent
in July bolstered the case that the job market was returning to a healthier state, similar to conditions before the recession.
The Office for National Statistics said the
unemployment rate in May
fell to 7.8 per cent
in the three months to May, 0.2 percentage point lower than the previous two - month period.
The labor market
in Fargo shows a lot of promise, as the city has the second - lowest
unemployment rate on our list, behind only neighboring Sioux
Falls, S.D. And, future job growth over the next 10 years is estimated at nearly 43 percent, according to Sperling's.
In terms of wage trends across the distribution, a strong theme of my own work, often with economist Dean Baker, is that as the
unemployment rate falls, the tightening job market disproportionately helps lower - wage and minority workers.
The
unemployment rate has declined from a peak of 10 percent
in October 2009 to 7.6 percent
in March; however, much of the decrease is due to a
fall in the number of people actively looking for a job.
Spain's household savings
rate fell to its lowest level on record
in the third quarter of last year as high
unemployment and wage deflation
in the latest recession obliged them to devote more of their disposable income to consumption, according to figures released Wednesday by the National Statistics Institute (INE).
While the positives include the
unemployment rate falling to 42 - year lows, a weaker pound sterling is leading to a spike
in consumer inflation;
in the event of a negative outcome
in the negotiations with the European Union, the UK currency could slide further, leading to a rise
in consumer prices and leaving the Bank of England
in a very precarious situation
in which easing interest
rates will be ruled out due to high inflation, and hiking
rates will lead to a slowdown
in economic activity.
Official figures from Eurostat show that the
fall in the eurozone
unemployment rate has been painfully slow — declining to 11.1 %
in April from 11.7 % a year earlier — and remains much higher
in countries like Greece and Spain.
Although
unemployment across Europe has been
falling and
in Germany the
unemployment rate is at a post reunification low, labor market pressures simply are not building.
Consumer confidence has been close to record levels, and the labour market continued to strengthen, with the
unemployment rate falling in December to its lowest level since 1976.
$ $ $ (Business Insider) The U.S. economy added 236k jobs
in February and the
unemployment rate fell to 7.7 percent.
The recent increase
in participation has been associated with some rise
in the measured
unemployment rate, which had
fallen unusually quickly
in earlier months.
The
unemployment rate in non-metropolitan areas has
fallen more modestly, to 8.1 per cent, associated with a larger rise
in labour force participation
in non-metropolitan areas.
The
unemployment rate is expected to
fall to 3.6 % by the end of the decade according to the Fed's latest forecasts, while inflation should hit 2.1 %
in 2020, above the Fed's 2 % target.
Thus, a
falling unemployment rate foretells higher inflation
in the future.
An average of more than 160,000 jobs were added per month
in the second half of 2004 and the
unemployment rate fell from 5.6 per cent to 5.4 per cent
in December.
The
unemployment rate among people aged 24 or under was much higher, although it
fell to 23.8 % from 23.9 %
in April.
Despite some monthly volatility, the
unemployment rate remains on a downward trend and has
fallen by 1/2 percentage point over the past year to reach 4.4 per cent
in December.
The starting point is the cyclical view, and while the PMI has been
in and out of contraction, the
unemployment rate has
fallen to 20 year lows so there is some positive trends underway
in Japan's economy and this is likely part of the reason.
She found that, all else equal, for every one - percentage - point increase
in the national
unemployment rate, the starting income of new graduates
fell by as much as 7 percent; the unluckiest graduates of the decade, who emerged into the teeth of the 1981 — 82 recession, made roughly 25 percent less
in their first year than graduates who stepped into boom times.
«Even though the economy will be slowing, we still think the
unemployment rate is likely to
fall further next year — and that means we're going to be pushing up against the lowest
unemployment rates in decades
in this country,» Porter added.
So all and all, the markets were really reacting to a speed - up
in world economic growth, and the
unemployment rate in the US kept
falling during this period.
Based on the surge
in firms reporting difficulties filling job vacancies, we suspect the
unemployment rate fell to just 4.2 %
in August, with further declines looking likely over the coming months.
US
unemployment rate falls to lowest level since 2001 The US economy created 261,000 new jobs
in October as the labor market rebounded from disruptions linked to hurricanes Harvey and Irma.
Carney was defending the BoE's recent, controversial decision to hold short - term interest
rate steady until
unemployment in the U.K., currently at 7.8 per cent,
falls to at least seven per cent.