What is the US unemployment?

Answer 1

The number of workers who do not have a job but are actively looking for jobs divided by the total US population is the US unemployment rate. (It is necessary to require a person to be looking for a job in order to be counted because some people do not want a job or are self-employed.) The unemployment rate is usually either rising or falling depending upon the economic situation. If the rate remains stable for a few month, then the number of people who found a new job is equal to be number of people who lost their job in that month. Without government intervention (labor programs, etc.) unemployment can rise very sharply within a short period of time and will only fall slowly over a longer period. Before President Roosevelt took office in 1933 unemployment had risen to over 30% after the financial and economic collapse of 1929 (Black Thursday). After the 2008 crisis, we have seen figures over 10%, but way lower than the early 1930 numbers. As of October 2012, only 7.8% are unemployed. As the US economy is in the recovery phase, this number is expected to further decrease. When we hit the next economic boom the number should be 2-4% before rising again. This is a natural cycle that can only be controlled to a certain degree by the government.

Answer 2

Unemployment has risen dramatically that's why the people on the news say were in a recession