Friday, March 29, 2024
HomeNewsFinanceUnemployment Rate Rises at 17.4% in US ,think tank

Unemployment Rate Rises at 17.4% in US ,think tank

Date:

Related stories

New Zealand Cricket Tour to Pakistan Raises Security Alarms

Despite security concerns, the New Zealand cricket team is...

Pakistan’s Tobacco Crisis, A Billion-Dollar Burden; Research

Pakistan, the sixth most populous nation globally, faces a...

In the Line of Fire: Europe’s Role in US-Russia Showdown

As geopolitical tensions reach a fever pitch, Europe emerges...

Eyes in the Skies :Tensions Soar Over South China Sea

In the dynamic theater of geopolitical tensions, the deployment...

Cricketing History Beckons: 2024 IPL Season Set to Thrill

As the 2024 IPL season kicks off, cricket fans...
spot_img

The US government think tank published a report which mentioned that unemployment rate in June climbed to 17.4%, the highest in the country.

The report shows that jobless rate increased 0.8 points from May’s revised mark of 16.6%, which had been an all-time high.

 

US government think tank highlights the labor force grew by about 130,000 people, or roughly 4%, in June, an indicator that people looking jobs. The ranks of the unemployed swelled by almost 9%, to nearly 640,000 people last month.

 

As Boston think tank believe that unemployment rate as high as 25%, and research director at the Pioneer Institute, Mr. Greg Sullivan said that the unemployment rate is kind of a tricky index because if people stop looking for jobs, they disappear from the unemployment rate.

Wasim Qadri
Wasim Qadrihttp://wasimqadriblog.wordpress.com/
Islamabad based Senior Journalist, TV Show Host, Media Trainer, can be follow on twitter @jaranwaliya

Latest stories

Publication:

spot_img

2 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here