Unemployment - Statistics & Facts
Facts and statistics on Unemployment
Unemployment is defined as the part of the labor force that is without a job and has been seeking employment within the last four weeks. The extent to which unemployment occurs is usually measured by the unemployment rate. It is derived by simply dividing the number of unemployed people by the total labor force. The unemployment rate is a relative indicator independent of country size and thus facilitates cross-country comparisons.
Unemployment is subject to seasonal fluctuations. It is typically higher during the winter when construction work and other outdoor occupations are in low demand. That is why monthly unemployment statistics are often adjusted, based on these fluctuations, for the sake of comparability. The U.S. unemployment rate is currently at 9.1 percent (July 2011) and has been around nine percent since the financial crisis hit the U.S. economy in 2008. Even though the economy bounced back rather quickly after the crisis, the job market has not yet recovered and the unemployment rate is still far from its pre-recession level of roughly five percent.
Unemployment figures in the U.S. vary dramatically from state to state. According to this state unemployment ranking by the Bureau of Labor Statistics, unemployment rates ranged from 3.3 percent in North Dakota to 12.9 percent in Nevada in 2011. Surprisingly, the unemployment rate in California, the state with the largest GDP, was the second highest among all U.S. states. Florida’s unemployment rate was also above national average, while the unemployment rate of New York was slightly below it.
From an international perspective the U.S. unemployment rate is relatively high. While it is on par with the average unemployment rate in the European Union, there are countries like Mexico, Australia and China with unemployment rates that are substantially lower.
Picture: istockphoto.com / yuri_arcurs
|Civilian labor force in the U.S.||155.39m||Details →|
|Employment level of the U.S.||143.93m||Details →|
|Monthly change in nonfarm payroll employment in the U.S.||209k||Details →|
|Number of part-time employees in the U.S.||27.62m||Details →|
|Monthly job openings rate in the U.S.||3.3%||Details →|
- Unemployment rate in EU countries May 2014Unemployment rate in EU countries May 2014
Unemployment rate in member states of the European Union in May 2014 (seasonally adjusted)
- Unemployment rate in the U.S. 1990-2013Unemployment rate in the U.S. 1990-2013
Unemployment rate in the United States from 1990 to 2013
- U.S. unemployment rate: August 2014, seasonally adjustedU.S. unemployment rate: August 2014, seasonally adjusted
Monthly unemployment rate in the United States from August 2013 to August 2014 (seasonally-adjusted)
- State unemployment rate in the U.S. in July 2014State unemployment rate in the U.S. in July 2014
State unemployment rate in the U.S. in July 2014 (seasonally adjusted)
- California - Unemployment rate 1992-2013California - Unemployment rate 1992-2013
Unemployment rate in California from 1992 to 2013
- Unemployment rates in major industrial and emerging countries 2013Unemployment rates in major industrial and emerging countries 2013
- U.S. unemployment rates for large metropolitan areas, July 2014U.S. unemployment rates for large metropolitan areas, July 2014
- Unemployment rate in selected world regions 2013Unemployment rate in selected world regions 2013