The U.S. unemployment rate rise to 4.3% from the 4.1% recorded in June marks the fourth straight monthly increase, the RT website reports today (August 3, 2024).
The unemployment rate rose for the fourth straight month in Julyto 4.3%, up from 4.1% the previous month , the Bureau of Labor Statistics reported on August 2. The figure is the highest since the onset of the pandemic.
Average hourly earnings increased 0.2% in July after wages increased 3.6%, demonstrating the smallest year--on--year growth since May 2021, and leaving wage growth just above the 3.0%--3.5% range seen as consistent with the Fed's 2% inflation target.
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