Oddbean

Unemployment is low but rising quickly. Is it reason to worry? ========== Unemployment rate increased from 3.7% to 4.2% in 2024; Federal Reserve cut interest rates to maintain job growth; Acting Labor Secretary Julie Su not concerned about hiring slowdown; Economists divided on labor market outlook; Job growth slowed from nearly 400,000 jobs/month in 2022 to 116,000 jobs/month; 'Prime age' workers at a 23-year high; Claudia Sahm's 'Sahm Rule' indicates rising unemployment may precede recession; Over 10% of Americans underemployed or out of labor force; Future job market trajectory uncertain. #Unemployment #Economy #FederalReserve #JobGrowth #InterestRates #LaborMarket #Recession #EconomicAnalysis #Employment #Inflation https://abcnews.go.com/Business/unemployment-low-rising-quickly-reason-worry/story?id=113868600