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Unemployment remains low - labor market tight
New data from the Bureau of Labor Statistics’ (BLS) monthly Employment Situation Report indicates the labor force remains tight, wages are rising, and people are coming off the sidelines to find work, The unemployment rate remained at 3.5 percent, matching the lowest rate since May 1969; nonfarm job gains were 145,000, bringing 2019’s total to 2.1 million; the U-4, U-5, and U-6 alternative measures of labor underutilization were all at series lows; and the employment-population ratio for prime-age women increased 0.3 percentage points to 74.4 percent, which is 3.1 percentage points above the November 2016 rate.
- White House Press release