The number of unemployed Americans is approaching 7 million, full time employment -1.551 million YoY.

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American Unemployment Rises to the Highest Level Since November 2021

The new jobs report from the Department of Labor revealed that America’s unemployment rate has increased to 4.1 percent, its highest level since November 2021, despite the fact that 206,000 jobs were added to the economy.

CNBC provided a graph to visualize the rise in joblessness. Economists had predicted that the unemployment rate would stay at 4.0 percent, and with this upset the Federal Reserve policymakers may change course.


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