why unemployment rate is not accurate?
534854
The unemployment insurance claims do not reflect every job lost in the United States, because not everyone who loses their job is eligible for unemployment insurance. There have been long delays in some states for processing claims, and the claims do not count until they are processed.
61237
The unemployment rate fell from 10% to less than 5%. CBO explained that the shortfall in employment relative to a theoretical full employment level fell from nearly 10 million in 2010 to 1.6 million by late 2016.
431183
CONCLUSION. The statistical reliability of the BLS wage data is adequate for most metropolitan and non-metropolitan areas (at least 90 percent of areas). For a small proportion of areas, the BLS data are not as reliable.
165202
The unemployment rate for people 25 to 54 years old decreased to 4.9% in January from 5.2% in December 2016. The rate for those 55 years and older was unchanged at 4.7%.
919049
Virginia's Seasonally Adjusted Unemployment Rate Decreased in September to 2.7 Percent. RICHMOND—Virginia's seasonally adjusted unemployment rate decreased in September to 2.7 percent, which is 0.1 percentage point below the rate from a year ago.
1300698
The unemployment rate is the lowest it has been since May 1969—over 50 years ago. ... The labor force participation rate—which includes people who are working and those looking for work—stayed constant in September at 63.2 percent and is 0.5 percentage point above the rate when the President was elected in November 2016.
689393
As most restrictions on economic activity remained in place in Ontario, the number of people who were not in the labour force but wanted to work and did not look for a job was little changed. The unemployment rate continued its upward trend, rising from 11.3% in April to 13.6% in May.
205998
Many factors affect employment apart from minimum wages. But, there is little evidence to suggest increasing minimum wage 60% since 1997 has led to a significant rise in real wage unemployment.
127846
When an economy is producing exactly its full employment output, the rate of unemployment is equal to the natural rate of unemployment. The LRAS curve is also vertical at the full-employment level of output because this is the amount that would be produced once prices are fully able to adjust.
304639
The unemployment rate is the percent of the labor force of the labor force that is jobless. It is a lagging indicator, meaning that it generally rises or falls in the wake of changing economic conditions, rather than anticipating them.
684823
Recently, economists have emphasized the idea that full employment represents a "range" of possible unemployment rates. For example, in 1999, in the United States, the Organisation for Economic Co-operation and Development (OECD) gives an estimate of the "full-employment unemployment rate" of 4 to 6.4%.
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.
1350022
The unemployment rate fell from 10% to less than 5%. CBO explained that the shortfall in employment relative to a theoretical full employment level fell from nearly 10 million in 2010 to 1.6 million by late 2016. The shortfall was due to excess levels of unemployment and a decline in labor force participation.
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.
555421
So yes, we can have an increase in the number of people who are employed as more of the unemployed gain a job. ... So if enough discouraged workers re-entered the labor force to be counted as unemployed, it is possible for the unemployment rate to increase at the same time the employment rate went up.
633861
The labour market is characterised by stability and lack of fluidity and diversity of rates for similar jobs. A rise in the price of labour offered by a particular employer does not cause employees of other firms receiving fewer wages to leave their jobs and go to high wage employer.
142282
The lowest unemployment rate was 1.2% in 1944. It may seem counterintuitive to think unemployment can get too low, but it can. The Federal Reserve says that the natural rate of unemployment falls between 3.5% and 4.5%.