Number of people looking for a job spikes in latest Fed survey ...Middle East

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Number of people looking for a job spikes in latest Fed survey
The number of people looking for a job in the Federal Reserve’s latest labor market survey rose to its highest level since 2014, the U.S. central bank reported Monday, as fears simmer about a broader slowdown in the economy. The proportion of respondents seeking employment over the past four weeks jumped to 28.4 percent from 19.4 percent in July of last year, according to the Fed’s Survey of Consumer Expectations (SCE) labor market survey. The increase in job seekers was most noticeable among people who are older than 45, who don’t have a college degree, and whose income is below $60,000, Fed researchers noted. The survey also showed decreased satisfaction with pay and benefits a

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