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Unemployment rates historically are lower for those groups with higher levels of education. For example, in May 2016 the unemployment rate for workers over 25 years of age was 2.5% for college graduates, 5.1% for those with a high school diploma, and 7.1% for those without a high school diploma.
Unemployment in the US by State (June 2023) The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication.
In 2021, the official poverty rate was 11.6%, equal to 37.9 million people in poverty, and SPM was 7.8%, slightly decreasing compared with 9.2% in 2020 and 11.7% in 2019. SPM in 2021 was also the lowest rate since 2009.
In California, for instance, the state unemployment rate hit 5.3% in February, up 0.8% from a year ago and the highest in the nation. New Jersey's unemployment rate hit 4.8% in February, also up 0.8%.
Sahm rule 1949-2024. In macroeconomics, the Sahm rule, or Sahm rule recession indicator, is a heuristic measure by the United States' Federal Reserve for determining when an economy has entered a recession. [1] It is useful in real-time evaluation of the business cycle and relies on monthly unemployment data from the Bureau of Labor Statistics (BLS
Notably, the unemployment rate rose to 3.7%, from a five-decade low of 3.4% in April. The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations ...
During 2022–2023, the unemployment rate averaged 3.6%. By April 2024, the unemployment rate had remained below 4.0% for the longest sustained period since 1953. [3] [4] Monthly job creation averaged a robust 402,000 from inauguration through February 2024, or 273,000 from June 2022, when the pre-pandemic jobs level was regained. [5]
As a result, the labor force participation rate rose to 62.8% in August, its highest level since reaching 63.3% in February 2020. The US economy has added 3.1 million civilians back into the ...