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US Unemployment Rate Rises to 4.2 Percent as Job Growth Moderates
Just the facts
According to the latest monthly employment report from federal labor officials, the US unemployment rate increased to 4.2 percent as nonfarm payroll growth slowed nationwide. Economists analyzing the figures noted that labor force participation held steady while job openings decreased across several key economic sectors. Betsey Stevenson, an economist at the University of Michigan, highlighted widening gaps in employment retention and hiring trends between male and female workers.
Why this is news
The US Department of Labor released monthly economic data indicating a deceleration in national hiring activity and a slight increase in total joblessness.
Sources
This summary is compiled strictly from the original reporting below.