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Unemployment rate drops despite fears of recession

Por: WPTV Nation January 06, 2023

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The U.S. unemployment rate dropped to 3.5% in December, matching several other recent months for being the lowest unemployment rate in decades.Before July 2022, the unemployment rate had not been below 3.5% since the late 1960s, according to federal data. Last month’s unemployment rate was 3.6%.Meanwhile, the overall labor participation rate, which has declined since the start of the pandemic, increased by .1 percentage points to 62.3%. The... + full article



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