Most of the Houston area saw sizeable reductions in unemployment numbers this year, with many of those jobs going to construction, leisure and hospitality, and transportation jobs.
Overall, the unemployment rate in the United States is 3.5%, or 5.7 million Americans.
In fact, Harris, Galveston, Brazoria, Montgomery, and Fort Bend counties all saw sizeable reductions in unemployment numbers, with many of those jobs going to construction, leisure and hospitality, and transportation industries. "Inflation is worryingly high. Some indications show it might be continuing to go high. It might be near the apex," said Clarke. "There's a lot of uncertainty related to inflation."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US employers added 528,000 jobs; unemployment falls to 3.5%The American job market has defied raging inflation, rising interest rates, growing recession fears.
Read more »
US employers add 528,000 jobs as labor market defies raging inflationAmerica’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession.
Read more »
Applications for US jobless claims up again last weekMore Americans applied for jobless benefits last week as the number of unemployed continues to rise modestly, though the labor market remains one of the strongest parts of the U.S. economy.
Read more »
Investors pull $30 billion out of Pimco as inflation fears biteAssets under management at Pimco have shrunk from 1.510 trillion euros at the end of 2021 to 1.386 trillion by the end of June 2022
Read more »
US employers add 528,000 jobs; unemployment falls to 3.5%Defying anxiety about a possible recession and raging inflation, America’s employers added a surprising 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession as the country’s hiring boom continued.
Read more »