The U.S. labor market added more jobs than expected in June, while the unemployment rate rose unexpectedly, hitting its highest level since November 2021, another sign that the labor market continues to cool. Data from the Bureau of Labor Statistics ...
In this morning’s U.S. Bureau of Labor Statistics data release, the U-3 unemployment rate rose 4.1 percent in June 2024, up one-tenth of a percentage point above the projected rate. The U-3 rate measures the percentage of the civilian labor ...