jobless rate

National

Latest jobs report shows why the unemployment rate needs fixing

The number of people seeking jobless benefits has soared during the pandemic. AP Photo/John Locher Veronika Dolar, SUNY Old Westbury CC BY-NC-ND Many economists would agree that the official U.S. unemployment rate is an inadequate measure of actual labor market conditions. Although this is one of the most cited pieces of data on the economy

State

Arizona jobless rate plummets in August, nearing pre-pandemic levels

Arizona’s unemployment rate plummeted last month to almost pre-pandemic levels, falling from 10.7% in July to 5.9% in August, according to the latest data from the Bureau of Labor Statistics. While state officials hailed the drop as a sign that the economy is on the rebound, economists warned the new number may reflect a drop

National

US unemployment rate falls to 8.4% even as hiring slows

U.S. unemployment dropped sharply in August from 10.2% to a still-high 8.4%, with about half the 22 million jobs lost to the coronavirus outbreak recovered so far, the government said Friday in one of the last major economic reports before Election Day. Employers added 1.4 million jobs last month, down from 1.7 million in July

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