unemployment rate

     

Unemployment is the state in which a person is without work, available to work, an is currently seeking work. The unemployment rate is used in economic studies and economic indexes such as the United States' Conference Board's Index of Leading Indicators. The rate is determined as the percentage of those in the labor force without jobs.

Trivia about unemployment rate

  • In April this U.S. figure dropped to a 28-year low of 4.3%, leaving the devil without many idle hands
  • In the hardest times, this figure stood at over 25%, representing almost 15 million Americans
  • For July 2008 this figure was 3.0 for South Dakota but 8.5 for Michigan