4min chapter

Moody's Talks - Inside Economics cover image

Full Employment, Failing Banks

Moody's Talks - Inside Economics

CHAPTER

The Rise in Unemployment in the United States

Almost all the increase in unemployment has been among foreign born workers. A disproportionate share of the new labor market entrance came from folks with less than a high school education so 350,000 people within that category entered the labor force last month. The teen under 24 under 20 unemployment rate went higher also among Hispanics. There's some volatility there so you don't want to read in too much but just stuck out.

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