Markets.News
In a recent report, it was unveiled that the rate of unemployment in the country has risen to 7.8%, marking an increase of 1.2% from the previous quarter. This spike represents approximately 2.3 million people who are currently unemployed. Additionally, the report highlighted a concerning decrease in job creation, with only 150,000 new jobs being added last month, compared to an average of 300,000 in previous months. Economists attribute this slowdown to various factors, including the ongoing global supply chain issues and uncertainties in the market due to the pandemic. Despite efforts to stimulate job growth, the job market continues to face challenges, impacting individuals and the overall economic recovery.