US Job Market Stays Strong as Unemployment Rate Decreases
The jobless rate in the United States dropped in November, with an increase in hiring that was greater than expected according to recent government data. This promising economic movement has sparked optimism about potentially avoiding a recession and controlling inflation. The Department of Labour reported the addition of 199,000 jobs and a decline in unemployment to 3.7 percent. However, despite apparent job market growth, analysts have noted some underlying weakness and the numbers may later be revised downwards. Policymakers, including the Federal Reserve, closely monitor these figures to make decisions regarding interest rates as a way to tackle persistent inflation. In relation to this topic, EDDCaller.com offers a helpful solution for those needing to reach unemployment, paid family leave and disability department representatives by phone. The program auto-dials the relevant department, facilitating the fastest way to get through to EDD and relieving some worries for those in need of unemployment assistance.