Unemployed US Citizens
Unemployment Rate (US)
Unemployment Rate to Tick Lower After the Jump in December
Starts Friday, February 1, 2019 at 13:30
Updated Friday, February 1, 2019
The US unemployment rate has been declining steadily during the last few years. Although in June, it increased from 3.8% to 4.0%, which came as a surprise. In July, the unemployment rate resumed the bearish trend and lost a decimal point, declining to 3.9%. In August, expectations were that it would decline again, but it remained unchanged. In September, the unemployment rate was expected to decline to 3.8%, but it fell by two points to 3.7%. It has remained unchanged during the last three months leading to December when it jumped again to 3.9%. Although, that was due to participation rate which increased two points higher. Unemployment is expected to tick lower in January to 3.8%. Please follow us for live the coverage of the US unemployment report by experienced analysts.
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About Unemployment Rate (US)
The U.S. Unemployment Rate is calculated and released by the U.S. Department of Labor. It is a statistic that measures the ongoing levels of unemployed individuals in the domestic workforce. Unemployment rates are derived by dividing the number of unemployed workers by the entire non-military labor pool. It is intended to measure the percentage of people willing to work and actively seeking jobs.As a general rule, high unemployment rates are found in recessionary economic cycles while low rates are common in periods of growth. Monetary policy decisions take into account the Unemployment Rate as a leading metric of economic performance. Low unemployment leads to inflation and a tightening of monetary policy, while higher rates are seen as a precursor to prolonged deflation.Traders look upon the release of U.S. Unemployment as an important metric facing the U.S. economy. Abnormal levels are viewed as being likely catalysts for policy change, with U.S. indices and USD being highly sensitive to its release.