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 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 5.3%, there seemed to be steady growth in the U.S. economy.However, if you dig deeper, you’ll see that the situation is a lot more. Read More
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 declined to 5.3%, the lowest rate in more than seven years. (Source:. Read More
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
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.)If you just look at the current unemployment rate, it’s a massive improvement from the 10% unemployment. Read More
Today, the U.S. Bureau of Labor Statistics reported that the number of job openings rose to 5.4 million on the last business day of April, the highest since the series began in December 2000. (Source: U.S Department of Labor, June 9, 2015.)April’s numbers were up from five million job openings in March. The job openings rate for. Read More