Unemployment Rate

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.


Lower oil prices are supposed to be a boon for the U.S. economy, but one look through the job numbers shows it could bring the country’s recovery to an abrupt halt. Only a few months ago, booming shale production from…

Youth unemployment hit a 33-year high in June, according to the latest data from the Italian national statistics office, signaling the troubled country and the wider eurozone area could be on the verge of economic collapse. It’s the disappointing unemployment…

The U.S. jobs report for June looks good. Or does it? On July 2nd, the Bureau of Labor Statistics released its job market report for the month of June. With 221,000 jobs added and the unemployment rate as low as…

Investors cheered on another strong U.S. jobs report. But beneath the surface, cracks in America’s economic recovery are beginning to appear. At first glance, the report appeared to be strong. Non-farm payrolls increased by 223,000 in June. The unemployment rate…

Last Friday, the U.S. Bureau of Labor Statistics reported that in the month of May, 280,000 jobs were added to the U.S. economy. The unemployment rate was unchanged and stood at 5.5%. (Source: Bureau of Labor Statistics, June 5, 2015.)…

On Friday, June 5, 2015, the U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment increased by 280,000 in May, and the unemployment rate rose to 5.5% from 5.4% in April. (Source: Bureau of Labor Statistics, June 5,…

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…

The U.S. Department of Labor released its latest weekly unemployment insurance claims data on March 26, 2015. Seasonally adjusted U.S. jobless claims fell again to 282,000, their lowest level since mid-February, and have been in decline since their peak level…

Don’t buy into the false optimism. While the mainstream media and economists are convinced there’s prosperity, I am concerned the U.S. economy will enter a recession in late 2015 or early 2016. The simple fact is that consumer spending is…

When Germany recently announced some underachieving economic numbers, it was a red flag for the eurozone and Europe. When the stronger of the two pillars in the eurozone (France being the other pillar) begins to show some fragility, you have…

It’s finally over… The quantitative easing programs initially started by the Federal Reserve six years ago are (for now) history. In its statement on October 29, the Federal Reserve said, “Accordingly, the Committee decided to conclude its asset purchase program…

On November 30, Switzerland’s citizens will cast a very critical vote. Through a referendum, they will vote for or against the Swiss National Bank increasing its gold bullion reserves to 20%, the central bank halting the selling of gold, and…

Finally, some good news for the U.S. economy? Last week, the U.S. Bureau of Labor Statistics reported 248,000 jobs were created in the U.S. economy in September, pushing the unemployment rate down to 5.9% from 6.1% the previous month. (Source:…