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U.S. Unemployment Rate Falls To 4.0%, Economy Added 143,000 Jobs In January
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Breitbart, National

U.S. Unemployment Rate Falls To 4.0%, Economy Added 143,000 Jobs In January

By John Carney | Breitbart Employers in the United States added 143,000 workers to their payrolls in January, the Department of Labor said Friday, and the unemployment rate slipped to 4.0 percent. Economists had been expecting 168,000 jobs and an unemployment rate unchanged at 4.1 percent, according to a survey by Econoday. The figures are seasonally adjusted. In January, there is typically a large downshift in employment in the retail sector, as businesses downsize following the holiday shopping season. Without seasonal adjustment, the data show the economy shed nearly 2.9 million jobs in January. READ THE FULL STORY AT BREITBART
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Colorado’s unemployment rate ticks up to 4.1%, surging up to the national average
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denvergazette.com, State

Colorado’s unemployment rate ticks up to 4.1%, surging up to the national average

By Bernadette Berdychowski | Denver Gazette Unemployment in Colorado is growing. The state reported its unemployment rate hit 4.1% in October, up from 4% the month before — matching the national average after being below the U.S. rate all year, according to data from the Colorado Department of Labor and Employment's report released Monday. The number of unemployed grew by nearly 4,000 over the month to a total of 134,000. The national unemployment rate of 4.1% was unchanged from September. READ THE FULL STORY AT THE DENVER GAZETTE
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Fed Chair Jerome Powell says immigration surge boosted unemployment rate
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Fox Business, National

Fed Chair Jerome Powell says immigration surge boosted unemployment rate

By Michelle Wells | Fox Business Federal Reserve Chair Jerome Powell said Wednesday that immigration is helping push the unemployment rate higher as they enter the labor force and look for jobs. Powell was asked about whether the level of job creation in the economy, which has been a little more than 100,000 on average for the last three months, is alarming and if the labor market can continue slowing down through fewer job openings as opposed to job losses. "On the job creation… it depends on the inflows," Powell said. "So if you're having millions of people come into the labor force, and you're creating 100,000 jobs, you're going to see unemployment go up. So it really depends on what's the trend underlying the volatility of people coming into the country." "We understand the...
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Unemployment Claims in Colorado Rise, Reflecting National Trend
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State, thelobby-co.com

Unemployment Claims in Colorado Rise, Reflecting National Trend

By The Lobby Unemployment claims in Colorado saw an increase last week, mirroring the national trend, according to the U.S. Department of Labor. The data released by the Labor Department on Thursday revealed that initial filings for unemployment benefits in the state rose to 2,396 in the week ending January 27, up from 2,312 the previous week. This rise in new jobless claims serves as a proxy for layoffs and is indicative of the challenges faced by workers in Colorado. This increase in unemployment claims is part of a broader national trend. Across the United States, unemployment claims reached 224,000 last week, an increase of 9,000 claims from the previous week on a seasonally adjusted basis. Oregon experienced the largest percentage increase in weekly claims, with claims soa...
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