Latest / San Jose News Today | 2 Min News | The Daily News Now!
Low Unemployment, High Job Search Hurdles | San Jose News
The latest jobs report is confusing: employers cut 23,000 jobs last month and revised prior data downward by 103,000 — yet unemployment dipped to 4.1%. That’s the lowest in years, but not because more people are employed — it’s because 264,000 people simply stopped looking for work. Public schools and restaurants are major job losers, while forecasters expected 100,000 new jobs. The Fed’s San Francisco branch says hiring has gotten harder as fewer workers are available and tech boosts efficiency — making that low unemployment number a misleading snapshot for job seekers. Listen in comfort:Get…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.