US EditionU.S. Unemployment Hits 4-Year High as Job Growth Slows in August | Honolulu Star-Advertiser
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U.S. unemployment hits 4-year high as job growth slows in August | Honolulu Star-Advertiser
WASHINGTON >> U.S. job growth weakened sharply in August and the unemployment rate increased to nearly a four-year high of 4.3%, confirming that labor market conditions were softening and sealing the case for a Federal Reserve interest rate cut later this month.
As Unemployment Reaches 7.38 Million In August, Are We Getting Close To Peak Unemployment?
By Robert Romano The unemployment level reached 7.38 million in August, 1.6 million above its January 2023 low and its highest point since October 2021, according to the latest data from the Bureau of Labor Statistics, continuing a steady uptrend for more almost three years. The unemployment rate rose to 4.3 percent, its highest level since November 2021. This is not unusual as the U.S. economy continues unwinding from the peak inflation that wa…
Wall Street closed this Friday in red and the Dow Jones of Industriales, its main indicator, dropped by 0.48%, in the face of the fear of investors for an economic slowdown following the increase in the unemployment rate in the United States in August.
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