Economics

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US employers added a surprisingly robust 303,000 jobs in March in a sign of economic strength (www.politico.com)

submitted 5 months ago by unconfirmedsourcesDOTgov@lemmy.sdf.org to c/economics@lemmy.world

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Friday’s report from the Labor Department also showed that the unemployment rate dipped to 3.8% from 3.9% in February. That rate has now come in below 4% for 26 straight months, the longest such streak since the 1960s.

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[–] BigMikeInAustin@lemmy.world -3 points 5 months ago

Plus a person is only counted as "unemployed" for so many months after they lost their last job. Supposedly it counts "actively seeking," but I don't know how that is determined.

So after, I think, about 18 or 24 months, someone who hasn't gotten rehired will drop off the "unemployed" statistic.