The unemployment rate in the U.S. ticked upwards to 4.2 percent in November, with 161,000 additional Americans saying they are unemployed in the latest household survey by the Bureau of Labor Statistics.
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The U.S. poverty rate rose for the first time in 10 years as a result of the COVID-19 pandemic, with job losses, especially in the country’s biggest cities, among the largest contributing factors, according to a recently released U.S. Census Bureau report.Â
The rate increased from 12.3% in 2019 to 12.8% in 2021.Â
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While high rates of inflation have hit the entire nation hard, some regions have experienced it more intensely.
WalletHub reported Thursday that the Minneapolis-St. Paul-Bloomington, MN-WI, metropolitan statistical area has experienced the 16th highest rise in inflation, based on two Consumer Price Index metrics: latest month versus two months prior and latest month versus one year ago. The metrics received equal weight in the report.
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With approximately 157,218 unemployment claims filed last week, Ohio has lost more jobs in four weeks than it has in two years.
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Minnesota has seen 464,513 new applications for unemployment insurance since the beginning of the coronavirus pandemic.
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