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On one hand, there has been a record decline in the unemployment rate in India. On the other hand, America has suffered a major setback on the unemployment front. Unemployment in America has broken the record of 4 years. America has seen the highest unemployment in four years. The government has released employment figures quite late. The government has released figures for two months together. Where employment has increased in the month of November. Whereas there has been a big decline in employment in October. Let us also tell you what kind of figures have been released by the American government.

Highest unemployment after 2021

In the employment report released late, the US government said that 64,000 jobs increased in November, while 1.05 lakh jobs decreased in October. Jobs declined in October due to the reduction in the number of federal employees following the Trump administration's cuts. The unemployment rate in America increased to 4.6 percent, which is the highest level since 2021. The Labor Department on Tuesday released employment figures for both the months of October and November. These figures came late due to the 43-day shutdown in America.

it was estimated

Economists had estimated that the number of jobs would increase by 40,000 in November. In this way the actual figures were better than estimated. The main reason for the decline in October was a decrease of 1,62,000 in the number of federal employees. According to the revised estimates of the Labor Department, there was a cut of 33,000 jobs in the payroll data for August and September.

American stock market decline

After the arrival of employment related data, an atmosphere of decline is being seen in the American stock market. Nasdaq Composite is trading at 23,030.27 points with a decline of 27.14 points. However, during the trading session, Nasdaq also reached the day's lower level with 22,935.41 points. On the other hand, Dow Jones is seeing a decline of 0.25 percent and is trading at 48,293.36 points. However, during the trading session, Dow also appeared at 48,113.66 points. There is also a downward trend in S&P 500. According to the data, it is trading at 6,796.60 points with a decline of 0.29 percent. Whereas during the trading session S&P 500 was seen trading at 6,773.23 points.