Unemployment Rate
Percentage of employable people actively seeking work, out of the total number of employable people; determined in a monthly survey by the Bureau of Labor Statistics (website: www.bls.gov).
An unemployment rate of about 4% - 6% is considered “healthy”. Lower rates are seen as inflationary due to the upward pressure on salaries; higher rates threaten a decrease in consumer spending.
There, make you feel better? There are those who feel the procedure for calculating the UER is skewed.
Percentage of employable people actively seeking work, out of the total number of employable people; determined in a monthly survey by the Bureau of Labor StatisticsYou'll notice it says survey not "those collecting unemployment".
There, make you feel better?
I'm always happy when I can help someone learn something new.