Unemployment Rate (US)
Unemployment Rate Expected to Decline in the US
Starts Saturday, August 18, 2018 at 16:04
Updated Friday, August 3, 2018
The US unemployment rate has been declining steadily during the last few years. Although last month it increased from 3.8% to 4.0%, which came as a surprise. This month, the unemployment rate is expected to resume the bearish trend and lose a decimal point, declining to 3.9%.
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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.