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The government's broader U-6 unemployment rate, which includes the part-time underemployed was 8.3% in September 2017. [8] [9] Both of these rates fell steadily from 2010 to 2019; the U-3 rate was below the November 2007 level that preceded the Great Recession by November 2016, while the U-6 rate did not fully recover until August 2017. [4] [8]
The economic data published on FRED are widely reported in the media and play a key role in financial markets. In a 2012 Business Insider article titled "The Most Amazing Economics Website in the World", Joe Weisenthal quoted Paul Krugman as saying: "I think just about everyone doing short-order research — trying to make sense of economic issues in more or less real time — has become a ...
The U.S. economy added 236,000 jobs in March while the unemployment rate fell to 3.5%, data from the Bureau of Labor Statistics released Friday showed.
Unemployment in the US by State (June 2023) The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication.
Despite the drop off in jobs added during the month, the unemployment rate fell to 3.5%, while economists had expected the figure to hold at 3.7%. The labor force participation rate in September ...
The unemployment rate dropped a more-than-expected two-tenths of 1%, edging closer to the historic low of 3.5% seen in February 2020, Bankrate senior economic analyst Mark Hamrick noted, though ...
Relying on the change in unemployment from the previous 12 months means the natural rate of unemployment is seamlessly integrated. A rule relying on a fixed level of unemployment, in contrast, cannot take into account drifts caused by changes in demographics, technology, or labor market frictions. [11]
Prior to the Great Recession, the rate was 83.3% in November 2007, then fell to a trough of 80.5% in July 2015, before steadily climbing back to 81.7% in January 2018. [41] It is one of the few key labor market variables that had yet to recover its pre-crisis level as of January 2018 and is an indicator of slack in the labor market.