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Federal Reserve Spokesperson: Employment growth diverges from household survey data

Federal Reserve Spokesperson: Employment growth diverges from household survey data

Bitget2024/12/06 14:19

December 6th news, "Fed's mouthpiece" Nick Timiraos stated that the unemployment rate, arguably the best summary statistic in monthly employment reports, rose to 4.2% in November. The unrounded data is 4.246%, very close to the recent high of 4.253% set in July. Business surveys show good job growth. However, household surveys indicate that the proportion of working Americans (including those aged 25-54) has declined compared to a year ago. The number of unemployed people is at 7.145 million, also near July's peak of 7.163 million.

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