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United States May 2016 Unemployment Rate: 4.7% (Lowest since November 2007)

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Publish date: Tue, 07 Jun 2016, 10:31 AM
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The unemployment rate declined by 0.3 p.p. to 4.7 percent in May 2016 from 5 percent in April, beating market expectations of 4.9 percent.

It was the lowest reading since November 2007, as the number of unemployed persons declined by 484,000 to 7.4 million and the labor force participation rate fell for the second month in a row.

Unemployment Rate in the United States averaged 5.82 percent from 1948 until 2016, 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.

Unemployment Rate in the United States is reported by the U.S. Bureau of Labor Statistics.

 

Source: http://www.tradingeconomics.com/united-states/unemployment-rate

Discussions
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gwansoo

The fall in unemployment rate is not due to more people have the jobs but it is due to more people have given up looking for jobs.

"Why did unemployment rate drop: Not for good reasons. More Americans stopped looking for work and fell out of the workforce. That means they aren't counted in the labor force and that brings down the jobless rate. In recent months, more Americans had been coming back into the job market. Now the trend appears to be hitting a plateau."

http://money.cnn.com/2016/06/03/news/economy/us-economy-may-jobs-report/

2016-06-07 10:39

KLCI King

Things can always have many sides, many positive and even more negative to talk about, see what you want to listen only. People tend to listen what they want to hear

2016-06-07 11:51

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