The nationalunemployment rateis defined as the percentage of unemployed workers in the total labor force. It is widely recognized as a key indicator of the performance of a country's labor market. As a closely watchedeconomic indicator,the unemployment rate attracts a lot of media attention, espe...
1 The national unemployment rate is determined as a result of this survey; the media then tout this number to summarize the state of the economy and its workers. But the unemployment rate in the U.S., as reported using the CPS method, doesn't provide essential details about how American...
I want to share with you a few strategic principles that are important to me. First, policymakers should be ready to react to a wide range of economic conditions with respect to inflation, unemployment, economic growth, and financial stability. The unprecedented pandemic shock is a good reminder...
000 increase in employment,” he wrote. “Over the second half of last year, the labor force shrank by more than employment expanded. …In other words, the drop in the unemployment rate doesn't reflect an improving job market, but rather a decline in the labor...
The national unemployment rate remained at 4.9 percent in August, the Labor Department reported Friday. But relying on that one headline number as an indicator of the economy’s direction leaves out a lot of important information. Each month on jobs day, the Bureau of Labor Statistics releases ...
When the national unemployment rate is greater than seven percent at the time of the election, presidential incumbents are absolutely not reelected.()
Signs of elevated labor market tightness emerged suddenly in mid-2021. The unemployment rate at the time was much higher than the 3.5 percent that had prevailed without major signs of tightness before the pandemic. Employment was still millions below its level on the eve of the pandemic. Looking...
Lin Jian: According to the statistics released by the National Bureau of Statistics, China’s Gross Domestic Product (GDP) grew by 5.3 percent year on year in the first quarter. Four key macroeconomic indicators remained generally stable, namely GDP, unemployment rate, inflation rate and balance...
JD Vance, who went from a critic of Donald Trump to one of his biggest supporters, has formally accepted the GOP vice presidential nomination at the Republican National Convention. “Night of hope”: In his speech, Vance said Trump would “put America first” and described Wednesday as a ...
The national unemployment rate for October 2024. The rate remained the same from the previous month.3 According to the BLS, those with temporary, part-time, or full-time jobs are considered employed, as are those who perform at least 15 hours of unpaid work for a family business or farm....