Latest data released by the Federal Employment Agency - 28 October 2021
- Prior -30k
- Unemployment rate 5.4% vs 5.4% expected
- Prior 5.5%
The unemployment total falls from 2.465 million in September to 2.377 million in October, underscoring further improvement in overall labour market conditions (unemployment rate also nudging a little lower).
The furlough program may still obscure some of the underlying conditions but I'd argue that as the economy picks up, the labour market should reflect the recovery too.
