Unemployment Statistics

DEFINITION Unemployment Income is a federal and state insurance benefit that pays money to workers who are eligible for…

It is a mismatch in the skills of the unemployed and the available jobs. It is caused by a…

It is obvious that the solution to unemployment is to create more jobs. The number of new jobs needed…

The unemployment rate is calculated by dividing the number of unemployed by the total number of civilian workers. According…

The Labor Force Participation Rate (LFPR) is the percentage of the population that are actively seeking or working. The Key…

Discouraged workers are people who are willing to work and are available, but have left the workforce as they don’t…