Latest Unemployment Number - FOX 18 Quad Cities News and Weather

Latest Unemployment Number

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A week after learning the economy actually contracted in the first quarter, the national unemployment rate has sunk to its lowest level in almost six years.

The addition of 288,000 jobs in june helped drive the unemployment rate down to six-point-one percent..

However, the labor participation rate is stuck at 62.8% for the third straight month the lowest level since february 1978.

The president's aides say many leaving the workforce are retiring baby boomers.

Republicans insist they're actually discouraged workers who can't find a job and most of the new jobs being created are part-time.

 

 

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