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U.S. Employment - Statistics & Facts

The most regularly referenced economic indicator for the state of employment in the United States is the unemployment rate. The unemployment rate is the share of the labor force currently without a job but seeking employment. In 2020, the civilian labor force of the United States numbered about 160.74 million people. In economic terms a distinction is made between the labor force and the general population. The employment rate evaluates the share of the total population (excluding institutionalized persons) currently engaged in employment.

There are a multitude of reasons why members of the general population are outside of the civilian labor force. Some of these reasons are desirable, such as early retirement, while others are unavoidable, such as long-term illness or caring for others. However, the proportion of the population who are unemployed so long they lose hope or the desire to continue searching for a job is of great concern to policymakers. This phenomenon has prompted economists and concerned members of the public to raise awareness that the long-term unemployment rate in the United States is actually higher than government statistics suggest.

Like many countries around the world, the United States is struggling with youth unemployment rates higher than the national unemployment rate. In February 2021, the unemployment rate for those aged 16 to 24 was 10.9 percent. In contrast, the national figure in the same month was 6.2 percent.

Looking to the future, young people may look towards training in industries where job numbers are projected to increase. The 20 industries with the largest expected employment growth from 2018 to 2028 suggests that construction and food services might be the way to go. Following similar logic, it may be the time for some people to reconsider their dream career with wired telecommunications.

Key figures

The most important key figures provide you with a compact summary of the topic of "Employment in the United States" and take you straight to the corresponding statistics.

Employment

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Interesting statistics

In the following 4 chapters, you will quickly find the 26 most important statistics relating to "Employment in the United States".

U.S. unemployment

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U.S. Employment - Statistics & Facts

The most regularly referenced economic indicator for the state of employment in the United States is the unemployment rate. The unemployment rate is the share of the labor force currently without a job but seeking employment. In 2020, the civilian labor force of the United States numbered about 160.74 million people. In economic terms a distinction is made between the labor force and the general population. The employment rate evaluates the share of the total population (excluding institutionalized persons) currently engaged in employment.

There are a multitude of reasons why members of the general population are outside of the civilian labor force. Some of these reasons are desirable, such as early retirement, while others are unavoidable, such as long-term illness or caring for others. However, the proportion of the population who are unemployed so long they lose hope or the desire to continue searching for a job is of great concern to policymakers. This phenomenon has prompted economists and concerned members of the public to raise awareness that the long-term unemployment rate in the United States is actually higher than government statistics suggest.

Like many countries around the world, the United States is struggling with youth unemployment rates higher than the national unemployment rate. In February 2021, the unemployment rate for those aged 16 to 24 was 10.9 percent. In contrast, the national figure in the same month was 6.2 percent.

Looking to the future, young people may look towards training in industries where job numbers are projected to increase. The 20 industries with the largest expected employment growth from 2018 to 2028 suggests that construction and food services might be the way to go. Following similar logic, it may be the time for some people to reconsider their dream career with wired telecommunications.

Interesting statistics

In the following 4 chapters, you will quickly find the 26 most important statistics relating to "Employment in the United States".

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