US U-6 Unemployment Rate (Mar) 8.0% (Prev. 7.9%)
The U-6 unemployment rate in the US increased to 8.0% from a previous 7.9%, indicating a slight deterioration in labor market conditions.
Turkey is reportedly considering increasing electricity and natural gas prices
Iran's Army says it has targeted the largest aluminium smelting facility in Bahrain, Al Mayadeen reports
US U-6 Unemployment Rate (Mar) 8.0% (Prev. 7.9%)
US President Trump posts "With a little more time, we can easily OPEN THE HORMUZ STRAIT, TAKE THE OIL, & MAKE A FORTUNE. IT WOULD BE A “GUSHER” FOR THE WORLD??? President DONALD J. TRUMP"
US President Trump says VP Vance will now be the "fraud czar", and his focus will be on the "Blue States where CROOKED DEMOCRAT POLITICIANS..." and "The numbers are so large that, if successful, we would literally be able to balance our American Budget."
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This rise may suggest lingering underemployment and could influence the Federal Reserve's view on the overall health of the labor market, potentially impacting future rate decisions. Investors should monitor this data in context with other economic indicators for a clearer picture of growth and inflation dynamics.
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