Unemployment Rate (US)
Declining Trend for the Unemployment Rate
Starts Wednesday, October 17, 2018 at 20:21
Updated Friday, October 5, 2018
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. This month, the unemployment rate is expected to lose another decimal point and fall to 3.8%, although we might see another disappointment like in August's report which gets released in September. We will cover this event as well as other calendar event in real time. Make sure to check back in time for the coverage of the US manufacturing 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.