Temporary help services added 148,900 jobs. The employment rate is the proportion of people aged between 16 and 64 years who are in paid work. Kimberly Amadeo has 20 years of experience in economic analysis and business strategy.
But if you’re not looking at change over time, the non-adjusted number can be considered a more true-to-life snapshot of unemployment in the previous month. Financial activities added 32,000 jobs.
Estimates of employment, unemployment and economic inactivity for the UK. (Comparing CES and CPS employment numbers.) Follow Twitter. The economy needs 150,000 new jobs each month to keep expanding. Even before the pandemic,
Banks continue to function, but limited the number of people in branch offices.
Labor Force Statistics from the Current Population Survey Employment Survey June 2020 Month/Month Year/Year; CES: 137,802,000 +4,800,000-12,957,000: CPS: 142,182,000 +4,940,000-14,966,000: Employment Changes The charts below show the monthly change in the US as measured by the CES and CPS surveys. To illustrate the trend, the 3 month moving average change in employment is shown in green. As you can see from the chart below, current job losses far exceed the worst of the Great Recession. Current US Unemployment Rate is 13.30%. The lowest unemployment rate was 1.2% in 1944. That's why employment numbers are taken from the establishment survey. Estimates for small groups (for example, unemployed people aged between 16 and 17 years), which are based on small subsets of the LFS sample, are less reliable and tend to be more volatile than for larger aggregated groups (for example, the total number of unemployed people).In general, changes in the numbers (and especially the rates) reported in this bulletin between three-month periods are small and are not usually greater than the level that can be explained by sampling variability.
Estimates of the labor market 10 years into the future and other career information.
US Unemployment Rate table by year, historic, and current data.
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