The unemployment rate in the United States went up to 4.2% in November of 2024 from 4.1% in the prior month, in line with market expectations.
The number of unemployed individuals increased by 161,000 to 7.145 million, while employment levels decreased by 355,000 to 161.141 million.
Meanwhile, the labor force participation rate edged down to 62.5% from 62.6%, and the employment-population ratio fell to 59.8% from 60%.
Source: Trading Economics
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