The unemployment rate is based on a monthly survey of 60,000 households. If people are working, they are counted as employed. If they are seeking work, they are counted as unemployed.
For complete information from the U.S. Bureau of Labor Statistics, refer to the item "Where do the statistics come from" in the Related Link below.
First, the state has to know how many people are in the work force. Those who are employed are known because each employer (those that are required to), pays the state an unemployment tax based on the number of employees and the payroll he has. Social Security taxes are also collected, so the number is known, but the I.D. of the individual is not recorded here. Then the state's unemployment office reports how many people are applying for unemployment compensation. Adding those working, and those unemployed gives the total work force and when you divide the unemployed by the total potential work force, you have the unemployment rate. Where it becomes inaccurate is when some employers do not report their workers and some out of work unemployeds have given up looking for work and/or run out of eligibility and are not counted as such.
The natural rate of unemployment, also known as the non-accelerating inflation rate of unemployment (NAIRU), is the rate of unemployment at which inflation remains stable over time. It is determined by structural factors in the economy, such as demographics, labor market institutions, and technology. It is not a fixed number and can vary over time.
The Official Unemployment rate (U-3) in US for August 2011 was 9.1.Below are the other unemployment rates in US for August 2011 :U-1 Unemployment rate : 5.4U-2 Unemployment rate : 5.3U-3 Unemployment rate : 9.1U-4 Unemployment rate : 9.7U-5 Unemployment rate : 10.6U-6 Unemployment rate : 16.2
6.473 % this is the unemployment rate in fiji
The unemployment rate in the US in August, 2010 was 9.6%. See the Related Link below.
As of June 2012, Nevada's unemployment rate is at 11.6%.
The natural rate of unemployment, also known as the non-accelerating inflation rate of unemployment (NAIRU), is the rate of unemployment at which inflation remains stable over time. It is determined by structural factors in the economy, such as demographics, labor market institutions, and technology. It is not a fixed number and can vary over time.
What is the national unemployment rate
The Official Unemployment rate (U-3) in US for August 2011 was 9.1.Below are the other unemployment rates in US for August 2011 :U-1 Unemployment rate : 5.4U-2 Unemployment rate : 5.3U-3 Unemployment rate : 9.1U-4 Unemployment rate : 9.7U-5 Unemployment rate : 10.6U-6 Unemployment rate : 16.2
6.473 % this is the unemployment rate in fiji
The estimated unemployment rate is 8.4% in Italy
The unemployment rate in India in 1991 was approximately 3.4%.
The Unemployment rate of Pakistan is 15.4%.
The estimated unemployment rate for Italy is 6.8% (2008).
As of September 2010, the rate of unemployment in Canada is 8.0%
Florida's unemployment rate hits 10.2 percent
The unemployment rate in October, 1984 was 7.3 %.
After a recession, the unemployment rate will go down.