TED: The Economics Daily

Of the 352,000 people 20 to 29 years old who completed an associate degree between January and October 2024, 78.1 percent were employed in October 2024. Among these recent graduates, 79.8 percent of men and 76.8 percent of women were employed.

From the first quarter of 2024 to the first quarter of 2025, nonfarm business labor productivity increased 1.4 percent, reflecting a 2.2-percent increase in output and a 0.8-percent increase in hours worked. Over-the-year productivity growth has slowed since its recent peak a year earlier when it rose 3.3 percent from the first quarter of 2023 to the first quarter of 2024.

From June 2024 to September 2024, gross job losses from closing and contracting private-sector establishments were 7.6 million, a decrease of 131,000 jobs from the previous quarter. Gross job gains from opening and expanding private-sector establishments were also 7.6 million, an increase of 31,000 jobs from the previous quarter. Gross job losses and gross job gains each represented 5.8 percent of total private-sector employment in third quarter 2024.

In April 2025, 1.7 million people had been unemployed for 27 weeks or more, an increase of 179,000 from the previous month. This duration of joblessness is considered long-term unemployment.