01.08.2025 16:24
The U.S. underemployment rate, a broader measure of joblessness than the headline unemployment rate, inched upward in July. This indicator, which includes discouraged workers and those employed part-time involuntarily, rose to 7.9 percent, exceeding the previous month's figure of 7.7 percent.
This increase signals a slight softening in the labor market's overall health. While not catastrophic, the rise warrants attention, suggesting some challenges persist in achieving full employment. Further analysis is needed to determine the contributing factors behind this uptick.
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