The job market is also booming (for now), with
the jobless rate dropping to a nine - year low of 4.6 %.
There was better news on unemployment, with the region's
jobless rate dropping further in October to 8.8 %.
The world's largest economy made an important leap toward sustainable recovery in January, when
the jobless rate dropped below 9 %.
The deficit spike comes even as
the jobless rate drops to multi-decade lows - an unprecedented disconnect.
Delving into details, continuing claims for the week ended 21 April dropped to 1.76 million from 1.83 million, and the insured
jobless rate dropped one tenth, to 1.2 percent.
The deficit spike comes even as
the jobless rate drops to multi-decade lows — an unprecedented disconnect.
The U.S.
jobless rate dropped to 9.4 percent from 9.8 percent last month, but he noted the decline was partially due to a number of people leaving the workforce.
Not exact matches
Even if the labour market kept adding 215,000 new net jobs a month, though, it would take until the end of 2017 for the
jobless rate to
drop to 6 %, TD economist Martin Schwerdtfeger noted in a brief today.
Meanwhile, Spain announced Tuesday that the number of people registered as unemployed
dropped for a fourth consecutive month in June - but the country has a long way to go to bring its
jobless rate down to normal levels.
The
jobless rate in metropolitan Chicago
dropped in April to 4.0 percent, the lowest
rate since the metro area was expanded in 1990, the Illinois Department of Employment Security said.
The
jobless rate has
dropped a full four percent recently, making it easier to find work and driving wages up.
The
jobless rate has
dropped a full four percent recently, making it easier to find work and driving wages up.