US Employment and Unemployment Rates

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This dataset contains US Employment and Unemployment rates since 1940. US unemployment rate fell one-tenth of a percentage point to 4.3 percent in July 2017, matching a 16-year low touched in May. The number of unemployed persons was little changed at 7.0 million while the labor force participation rate edged up to 62.9 percent. Unemployment Rate in the United States averaged 5.80 percent from 1948 until 2017, reaching an all time high of 10.80 percent in November of 1982 and a record low of 2.50 percent in May of 1953.

Categories: ,
Complexity

The unemployment rate is the share of the labor force that is jobless, expressed as a percentage. It is a lagging indicator, meaning that it generally rises or falls in the wake of changing economic conditions, rather than anticipating them. When the economy is in poor shape and jobs are scarce, the unemployment rate can be expected to rise. When the economy is growing at a healthy rate and jobs are relatively plentiful, it can be expected to fall.

In the U.S., the U3 or U-3 rate, which the Bureau of Labor Statistics (BLS) releases as part of its monthly employment situation report, is the most commonly cited national rate. It is not the only metric available, however, and it receives criticism for giving the impression that the labor market is healthier than alternative measures would indicate.

The official unemployment rate is known as U3.

Date Created

1941

Last Modified

2010

Version

2010

Update Frequency

Annual

Temporal Coverage

1941-2010

Spatial Coverage

United States

Source

John Snow Labs => USA Bureau of Labor Statistics

Source License URL

John Snow Labs Standard License

Source License Requirements

N/A

Source Citation

N/A

Keywords

US Employment, US Employment Rate, Unemployement in US, Employment and Unemployment in US

Other Titles

United States Unemployment Rate, US Unemployment Rise

Name Description Type Constraints
YearEmployment and Unemployment yeardate-
Civilian_Noninstitutional_PopulationCivilian Noninstitutional Populationintegerlevel : Ratio
Total_Civilian_Labor_ForceTotal Civilian Labor Forceintegerlevel : Ratio
Percentage_Of_PopulationPopulation Percentage calculating employment and unemployment ratenumberlevel : Ratio
Total_EmployedTotal Employed Peopleintegerlevel : Ratio
Employed_Percentage_Of_PopulationEmployed Percentage Of Populationnumberlevel : Ratio
AgricultureAgriculture Employmentintegerlevel : Ratio
Non_AgricultureNon Agriculture Employmentintegerlevel : Ratio
Unemployed_NumberUnemployed Number in United Statesintegerlevel : Ratio
Unemployed_Percentage_Of_Labor_ForceUnemployed Percentage Of Labor Forcenumberlevel : Ratio
Not_In_Labor_ForceNot In Labor Forceintegerlevel : Ratio
YearCivilian_Noninstitutional_PopulationTotal_Civilian_Labor_ForcePercentage_Of_PopulationTotal_EmployedEmployed_Percentage_Of_PopulationAgricultureNon_AgricultureUnemployed_NumberUnemployed_Percentage_Of_Labor_ForceNot_In_Labor_Force
195210523162138596025057.36500537491883343093
19419990055910565035050.491004125055609.943990
1944932205463058.65396057.98950450106701.238590
19471018275935058.3570385678904914823113.942477
195611095466552606379957.562835751427504.144402
19591153296836959.3646305655655906537405.546960
19691343358073460.1779025836067429628323.553602
19721441268703460.4821535734847866948825.657091
1942986405641057.25375054.592504450026604.742230
1942986405641057.25375054.592504450026604.742230
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