What the Unemployment Rate Shows Jobless figure gives snapshot of labor market, but full picture requires closer inspection.Yet overall unemployment in March 2008 was 5.1 percent, still lower than the 5.5 percent in July 1990.The March unemployment rate finally inched up over 5 percent.The unemployment rate for April was 5.4 percent, down slightly from the March rate of 5.5 percent, according to figures released by the Bureau of Labor Statistics.If the population in 2008 looked like the population in 1990, our current unemployment rate would be 5.5 percent, not 5.1 percent, the same unemployment rate recorded in the first month of the 1990 recession.
What does the highest unemployment rate in the world look like.
This is the number of unemployed persons divided by the number of people in the labor force.Almost 20 percent of all unemployed persons have been out of work for six months or longer.Unemployment rates have fluctuated drastically in some countries, while remaining fairly stable in others.
Given the job environment today, Accountants and Auditors can consider themselves quite lucky, as only 2.2% are currently unemployed.
It is a lagging indicator, meaning that it generally rises or falls.But to claim that the unemployment rate is a statistic that,.
The OECD harmonized unemployment rate gives the number of unemployed persons as a percentage of the labour force.Unemployment rises during recessions and often peaks after a recession has ended.This interactive chart compares three different measures of unemployment.
Unemployment Rate For Illinois (The chart depicted above shows the statistic history; it's increases and decreases, beginning 15 years ago, spanning until present day).As the unemployment rate surged to 10.2 percent in October, reaching double digits for the first time in 26 years, it suddenly seemed possible that the.
Based on several measures, including the unemployment rate, the U.S. economy is in great shape.These shifting demographics should change our expectations about what constitutes low versus high unemployment.
Since January, the unemployment rate has declined by 0.5 percentage point, and the number of unemployed has decreased by 774,000. (See table A-1.).This demographic shift lowers overall unemployment rates because older workers are more stably employed and have less unemployment.
Most troublesome, long-term unemployment is higher than it has ever been at this point in the economic cycle.