Unemployment’s downward trend continued, but the news wasn’t as uniformly good as it was the first four months of the year. Following up on our coverage of April’s employment data, the May Employment Situation release from the Bureau of Labor Statistics continues the same trends we’ve seen all year. The U-3 unemployment rate dropped by
Growth in use of industrial robots could result in the loss of up to 4 million jobs and suppression of wage growth by up to 2.6% by 2025 The last several decades have not been a great time to be a worker in the United States. Wages have been stagnant for all but the most
Unemployment improved last month, but underemployment improved even more In keeping with the trends we saw in the first three months of 2017, the April 2017 Employment Situation release shows that the labor market has continued to tighten, with the official U-3 unemployment rate dropping to 4.4%, a level last seen in 2006. January February
With the Bureau of Labor Statistic’s “Employment Situation” release for April 2017 scheduled for Friday morning, we thought a follow-up on our recent Lamppost on unemployment statistics was in order, in the form of a quick look back at some recent numbers. The BLS website has the Employment Situation releases archived back to 1994, but we’ll
Every month the Bureau of Labor Statistics (BLS) releases the latest estimate of “the unemployment rate”, grabbing a few headlines and occasionally spawning confused debates. This article should serve as a simple primer on what the unemployment rate measures, how it’s calculated, and why it matters. What is an Unemployment Rate? An unemployment rate is