The unemployment rate represents the percentage of the total workforce, between the working ages of 15-64, who are unemployed, but who are actively seeking work, in a specified period (monthly or yearly usually). It is calculated by dividing the number of unemployed individuals by those currently working, in a specified period. This is a closely watched measure for governments around the world, because it is a key gauge of how economies are performing.
A very low unemployment rate signals a strong economy and is used as a barometer for wage inflation and capacity utilization. A very high unemployment rate is a sign of a weak economy, including slacking capacity and falling wages.
The value of the U.S. dollar is anchored in trust. As a fiat currency, the U.S. dollar isn’t linked to any physical reserves, like gold or silver; it’s just paper. For the U.S. dollar to be worth anything, it has to be backed by an economy people have faith in. Otherwise, the U.S. dollar would collapse.Regardless of its intentions, the. Read More
According to David Doyle, an analyst at Macquarie Capital Markets, the U.S. economy could reach full employment within a year. My question is: is this all we need in order to say the U.S. labor market is strong? (Source: Bloomberg, May 14, 2015.)U.S. Economy: How Full Employment Is PossibleDoyle’s method first estimates the number. Read More
On Friday, May 8, 2015, the Bureau of Labor Statistics (BLS) released its employment report for April of this year. Total nonfarm employment saw a 223,000 increase, while the unemployment rate showed little change at 5.4%. (Source: Bureau of Labor Statistics, May 8, 2015.)April Employment Report: Rosy RevelationsAfter the disappointing. Read More
In early April, the Bureau of Labor Statistics (BLS) reported a 126,000 increase in nonfarm jobs and an unemployment rate of 5.5%. Does this mean the U.S. economy is improving? (Source: Bureau of Labor Statistics, April 3, 2015.)The unemployment rate has certainly improved from its 10% standing in September 2009. Because of the currently. Read More
If you think the U.S. economy is improving, this story says that, truth be told, it’s the complete opposite for the economy, as recent data suggest there is no growth.U.S. Economy’s Jobs Market TormentedIn March of this year, only 126,000 jobs were added to the U.S. economy. That’s well below the increase of 264,000 jobs in the previous. Read More