The U.S. unemployment rate is the most important economic indicator for all of us. While it’s not the only metric, it’s one of the most important. Unemployment is a measure of the number of people who are out of work.
The fact is that if the U.S. economy is weak, then unemployment is likely to trend upward. What does this mean for you and your business? Well, for one, this means you will not have to live the high-stress lifestyle of a job-hopper for too long. Also, many people in the U.S. are looking for ways to make a living outside of the office.
This could be a good thing, because the trend for unemployment is not to worsen. In fact, it seems to be trending in the opposite direction. According to the Bureau of Labor Statistics (BLS), the number of unemployed people has dropped by the most in over two years, from 6.7 million in February of 2009 to just a little over 4.6 million in February of this year. The average length of unemployment is now 3.4 weeks, down from 4.
The number of unemployed people has dropped by the largest amount in over two years. The official unemployment rate has dropped from 4.9 percent in February of 2012 to just 4.8 percent in February of this year.
This drop in unemployment has certainly not brought the economy back to its pre-recession peak. The BLS’ unemployment estimate of 4.8 percent is still well above its pre-recession peak of 5.1 percent. Unemployment has been on the decline for at least two years, but the BLS’ employment report isn’t exactly the most reliable of data, and unemployment rates vary widely at any given time.
The BLS report also doesn’t take into account the fact that there may be a few extra people searching for a job right now, because they may not have had a job, or they may need to look for a job and have already been rejected. So the 4.8 percent unemployment figure is still the same as the BLS estimate, but there are only about two people unemployed and a million unemployed for a total of about one million.
So why do people think that joblessness is increasing? It is not. In fact, the BLS report is pretty clear: “the unemployment rate for the total adult population is 4.8 percent.
For the past four years, unemployment has been over 3.6 percent. In fact, the BLS has been keeping an updated unemployment rate since it began in 1972.
The BLS just keeps the actual data and changes it by looking at different time periods in a year. The actual unemployment rate is probably around 3.6 percent, but the BLS keeps the rate so it looks like the actual rate is almost exactly 4.8 percent.
The BLS is one of the largest statisticians in the United States. In fact, it has a staff of more than 100 people and is one of the largest statistical services in the country. It is the official government statistic bureau and uses a complex mathematical formula to generate the data.
