Tradingvestor.com
Employment | Economic Reports
Unemployment Rate
The employment data give the most comprehensive report on how many people are looking for jobs, how many have them, what they're getting paid and how many hours they are working. Nonfarm Payrolls - Unemployment Rate - Jobless Claims
Big Chart
Explain
Release Schedule
ECONOMIC REPORTS
   
   
   
   
   
   
   
   
   
   
   
MARKET CORRELATION
   
   
   
Situation - Rate - Payroll - Averages - ADP - Claims - Participation - Compare
Unemployment Rate
       
UNEMPLOYMENT RATE- CHART 1950 to PRESENT
The U.S. unemployment rate is still at a very high level since the Great Depression. Except for 1974 and 1983 the unemployment rate still over 8%, meaning that 8% of Americans want to work but can't find a job.
How many people have been unemployed for more than 6 months? A high percentage of unemployed people have been unemployed for longer than 6 months, as we can see in this chart.
The median duration of all unemployment is also near an all-time high. The longer a person is unemployed, the less employable he or she becomes because of factors like stigma and skill deterioration. That means that the longer it takes to get Americans back to work, the further behind they will fall. The average unemployed person in America has been looking for work for 18 weeks, or more than four months. The longest average unemployment spell since the Labor Department started keeping track in 1948 was 39.7 weeks.
The "participation ratio" have been declining meaning that many Americans have given up looking for jobs.
         
Top of Page
       
  Release Schedule 2021: USA Employment Situation   Today's Week Today's Week
       
    EMPLOYMENT - Employment Situation    
         
Top of Page
   
   
How the Unemployment Rate Affects You?

Unemployment Rate

The percentage of people registered as unemployed in the United States. The figure is calculated by dividing the number of unemployed individuals in the labor force by the total labor force. Where the headline figure Change in Non-Farm Payrolls generally moves the market upon release, the Unemployment Rate serves as the most popular snap-shot figure for current labor conditions in the US.

The unemployment figure can give insight into the economy's production, consumption, earnings, and consumer sentiment. A lower unemployment rate equates to increased expenditure, as more people have jobs and wages to spend. Increased expenditure encourages economic growth, which can spark inflation pressures. Conversely, high levels of unemployment signal economic instability and weakened demand.

Persons are considered unemployed if they are able and willing to work but without a job and have actively sought employment within the last four weeks. The labor force includes all employed and unemployed individuals 16 years and older.

Except for the early 1980s and Three years after the financial crisis, the unemployment rate is still at the highest level since the Great Depression.


Time Unemployed

The growing length of joblessness is particularly worrisome because it tends to be self-perpetuating. The longer a person is unemployed, the less employable he or she becomes because of factors like stigma and skill deterioration. That means that the longer it takes to get Americans back to work, the further behind they will fall.

The average unemployed person in America has been looking for work for 18 weeks, or more than four months. The longest average unemployment spell since the Labor Department started keeping track in 1948 was 39.7 weeks.

         
Top of Page
       
Related Links
Durable Goods Orders  
  Empire State Index  
  Chicago PMI  
  Factory Orders  
  ISM Non Manufacturing Index  
  GDP  
  Global View  
  Register  
DATA INFORMATION UNEMPLOYMENT RATE
SOURCE Institute for Supply Management.
WEB www.hts.com
FREQUENCY Monthly
AVAILABILITY The first business day of the month.
COVERAGE Data are for the previous month. Data for June are released in July.
REVISIONS No
IMPORTANCE A - Very Important
         
Top of Page
         
Global Vision
GLOBAL VISION
Reports View ETFs
Markets
Signals
ECONOMICS
Stocks
Futures
Fibonacci
Portfolio
CALENDAR
Research
Weekly
S&P 500
Education
PERFORMANCE
Trading
Investing
Slides
Log-in
LOG-IN
Register
Member
Today's
About
ABOUT
Contact
Help
FAQs
 
Disclaimer | Privacy Policy | Risk Disclosure | Site Map | Help | Register | Contact us | Home
All Rights Reserved | www.tradingvestor.com | © Copyright 2006 - 2020
Discipline - Confidence - Patience
 
Tradingvestor.com
  You can follow us at: Twitter   Facebook