U.S. unemployment rate continues to drop, jobs continue to grow – Arkansas News

U.S. unemployment rate continues to drop, jobs continue to grow – Arkansas News

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  • ST. LOUIS FEDERAL RESERVE
  • RECOVERY CONTINUES: Bureau of Labor Statistics data from January 2007 to July 2017 shows the decline in unemployment is part of a larger trednd.

The national unemployment rate now stands at 4.3 percent, the Bureau of Labor Statistics announced this morning, after employers added around 209,000 jobs last month. The numbers were better than expected and spell good news for the economy, analysts said.

That places the national unemployment rate near the mark that economists refer to as “full employment.” Today’s BLS numbers aren’t state-specific, but Arkansas’s unemployment rate last month remained at a historic low of 3.4 percent.

Observation: These numbers are essentially a continuation of the same trends, both good and not-so-good, that have been with us since the recession ended. Unemployment has declined steadily. At the same time, growth in wages has lagged behind growth in jobs, underscoring the longer-term trend toward greater…

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