FED WILL PAUSE!! Unemployment Rate? - TRADING & INVESTING - Martyn Lucas Investor

FED WILL PAUSE!! Unemployment Rate?

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The unemployment rate in the US rose to 3.8 percent in August 2023 from 3.5 percent in July, the highest since February 2022 and above market expectations of 3.5 percent. The number of unemployed people increased by 514 thousand to 6.355 million and employment levels rose by 222 thousand to 161.484 million. The so-called U-6 unemployment rate, which also includes people who want to work, but have given up searching and those working part-time because they cannot find full-time employment, went up to 7.1 percent in August, the highest since May 2022, from 6.7 percent in July. The labor force participation rate increased to 62.8 percent, the highest since February 2020, from 62.6 percent.

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