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In a follow-up press conference, Fed Chair Jay Powell said the labor market, and the economy in general, remain in "solid shape." ... The unemployment rate, at 4.2%, remains historically low ...
They expect unemployment to rise slightly to 4.4% by December and inflation to end the year at 2.3%. The Fed’s benchmark overnight lending rate influences a variety of business and consumer loans.
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
The US economy added 206,000 jobs in June, lower than a downwardly revised tally of 215,000 jobs in May, and the unemployment rate topped 4% for the first time since November 2021. New ...
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Unemployment: Arizona’s unemployment rate is 3.4%, compared to 4.9% in 2019 under former President Trump. Personal income: Arizona’s income increased by 8.4% during the first quarter of 2024 ...
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