The official unemployment rate has fallen to 4.1%, leading the Federal Reserve to focus on inflation. Yet a broader measure of the 'functionally unemployed' — including part-time workers and those earning poverty wages — rose for a fourth straight month in July, reaching 24.9%.
Fed sees full employment, but a broader gauge of joblessness keeps climbing
The official unemployment rate has fallen to 4.1%, leading the Federal Reserve to focus on inflation. Yet a broader measure of the 'functionally unemployed' — including part-time workers and those earning poverty wages — rose for a fourth straight month in July, reaching 24.9%.
This item was produced with AI assistance under the editorial responsibility of Haydamax OÜ.
Monitoring item. The full text is not distributed. Extract and source below.
Same event, other desks
Story file →
en
US ambassador to Israel faces backlash for failing to condemn attack on American news crew
30.08 02:00
en
Division-II running back MicahJo Barnett dies after medical emergency during season opener
30.08 02:01
es
El Edward de Robert Pattinson en «Crepúsculo»: una interpretación crítica que marcó la saga
30.08 03:01
uk
GM інвестує 1,1 млрд канадських доларів у виробництво в Канаді на тлі тарифного тиску США
30.08 03:03
en
Harvard economist praises Fed Chairman Warsh for defying political pressure at Jackson Hole
30.08 05:03
uk
BMW X7 наступного покоління помічено на трасі: V8 залишається, з’явиться електричний iX7
30.08 12:03
uk
BMW M3 CS Handschalter: досвід, а не потужність
30.08 18:03
nl
Porsche Boxster S uit 2002 met IMS-bearingvervanging te koop
30.08 19:00