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The rate was the highest of any month since the BLS began tracking in 1948. According to BLS statistics, the unemployment rate was at 3.5% in Feb 2020, a month prior to the pandemic's start in the ...
On May 8, 2020, the Bureau of Labor Statistics reported that 20.5 million non-farm jobs were lost and the unemployment rate rose to 14.7 percent in April. [21] In mid-July 2020 marked the 17th week in a row that unemployment claims topped 1 million.
Sahm rule 1949-2024. In macroeconomics, the Sahm rule, or Sahm rule recession indicator, is a heuristic measure by the United States' Federal Reserve for determining when an economy has entered a recession. [1]
BLS formed the current international comparisons program in the 1960s as the importance of foreign trade and interest in international competition grew. The first study published by the program was an evaluation of the comparability of unemployment rates undertaken in response to a 1961 request by the Committee to Appraise Employment and Unemployment Statistics.
After months of job growth and tight labor conditions, the latest employment data suggests the U.S. economy may finally be slowing down. The economy added just 236,000 new nonfarm payroll jobs in ...
The case for how and what type of unemployment is measured often leaves economists, lawmakers and market watchers at odds over what exactly… Democrats tout solid jobs report as ‘Bidenomics ...
The Bureau of Labor was established within the Department of the Interior on June 27, 1884, to collect information about employment and labor. Its creation under the Bureau of Labor Act (23 Stat. 60) stemmed from the findings of U.S. Senator Henry W. Blair's "Labor and Capital Hearings", which examined labor issues and working conditions in the U.S. [6] Statistician Carroll D. Wright became ...
The number of people who applied for first-time unemployment benefits fell by 12,000 to 216,000 for the week ending October 26, according to Department of Labor data released Thursday morning.