what does the unemployment rate represent?
447503
The unemployment rate measures how many people who want a job and are available for work can find a job. June's unemployment rate indicates that roughly 1 in every 9 people in the labor force can't find work.
269516
Shrinking labor force explains drop in unemployment. Last Friday's release of the Employment Situation report by the Bureau of Labor Statistics showed the economy added 120,000 jobs, dropping the unemployment rate to 8.6 percent. ... This means the labor market is lacking roughly 10.9 million jobs.
389089
Venezuela Unemployment Rate 1991-2020. Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Venezuela unemployment rate for 2019 was 8.80%, a 1.58% increase from 2018. Venezuela unemployment rate for 2018 was 7.22%, a 0.09% decline from 2017.
217530
If we use wage inflation, or the rate of change in wages, as a proxy for inflation in the economy, when unemployment is high, the number of people looking for work significantly exceeds the number of jobs available. In other words, the supply of labor is greater than the demand for it.
1090168
The first statistic for demonstrating the decline of the economy into depression is the unemployment rate. As the above graph indicates the economy descended from full employment in in 1929 where the unemployment rate was 3.2 percent into massive unemployment in 1933 when the unemployment rate reached 25 percent.
500938
The unemployment rate of 30.1% was up from 29.1% in the final quarter of last year, Statistics South Africa said in its quarterly labour force survey. “This is the first (time) ever that we have hit the 30% mark,” Statistician General Risenga Maluleke said.
258094
The natural rate of unemployment is related to two other important concepts: full employment and potential real GDP. The economy is considered to be at full employment when the actual unemployment rate is equal to the natural rate. When the economy is at full employment, real GDP is equal to potential real GDP.
1121184
The US unemployment rate dropped to its lowest level for more than 49 years in April, according to official figures. The jobless rate fell from 3.8% to 3.6%, the US Labor Department said, the lowest since December 1969.
62353
Participation Rate vs. Unemployment Rate: An Overview. ... The key difference between the two is the participation rate measures the percentage of Americans who are in the labor force, while the unemployment rate measures the percentage within the labor force that is currently without a job.
1348618
In other words, the natural rate of unemployment includes only frictional and structural unemployment, and not cyclical unemployment. ... By contrast, when the economy is below full employment, the unemployment rate is greater than the natural unemployment rate and real GDP is less than potential.
797573
The Federal Reserve considers a base unemployment rate (the U-3 rate) of 5.0 to 5.2 percent as “full employment” in the economy. The recovery has now achieved that level, known technically as the Non-Accelerating Inflation Rate of Unemployment, or NAIRU.
667176
Full employment does not mean zero unemployment, it means cyclical unemployment rate is zero. At this rate, job seekers are equal to job openings. This is also called the natural rate of unemployment (Un) where real GDP is at its potential GDP.
939732
US unemployment now at 50-year lowThe unemployment rate, now at 3.5%, fell by . 2% since August. The U.S. unemployment rate fell to its lowest level in 50 years and 136,000 jobs were added in September, the Department of Labor said Friday. The unemployment rate, now at 3.5%, fell by .
1260167
U3 is the official unemployment rate. U5 includes discouraged workers and all other marginally attached workers. U6 adds on those workers who are part-time purely for economic reasons.
1379095
Some estimates suggest that the long-run normal level of the unemployment rate--the level that the unemployment rate would be expected to reach over the next five to six years in the absence of shocks to the economy--is in a range between 3.5 percent and 4.5 percent.
910273
The ideal real unemployment rate for the United States is 3.5% - 4.5%. 12﻿ Zero unemployment wouldn't be ideal, also almost impossible, because it would indicate a severely overheating economy. Three types of unemployment make up the general natural unemployment figures.
255475
['Divide the number of unemployed workers by the number of working and non-working individuals. ... ', 'Multiply the resulting decimal number by 100 to calculate the unemployment rate. ... ', 'Subtract the employment rate from 100 to calculate the U.S. employment rate.']