Even this very large official increase understates the increase in the unemployment rate from a historically-comparable perspective because it counts an extra 4.9 million people who were "not at work for other reasons" as employed and also because 6.3 million people … Employment status and sight loss 2017 . The Unemployment Rate Is “Grossly” Understated. The unemployment rate fell from 13.3 percent in May to 11.1 percent in June, and 4.8 million more people were employed in June than in May. Beyond the unemployment rate, a key metric in the monthly jobs report is the labor force participation rate – the share of the 16-and-over civilian non-institutional population either working or looking for work. Employment rates of recent graduates almost back to their 2008 level . Labor force data are restricted to people 16 years of age and older, who currently reside in 1 of the 50 states or the District of Columbia, who do not reside in institutions (e.g., penal and mental facilities, homes for the aged), and who are not on active duty in the Armed Forces. This commentary was issued recently by money managers, research firms, and … The participation rate rose for several decades, peaked in early 2000 at 67.3%, then began falling; in January it was 62.9%, about where it was in the late 1970s. The official unemployment rate rose from 3.5 percent in February 2020 to 13.3 percent in May (down from its value in April). This report brings together a more detailed analysis of the findings from the My Voice survey, the Labour Force Survey, DWP administrative data, and Network 1000. In keeping with the remainder of the population, recent graduates have been affected by the global financial and economic crisis in the late 2000s. Further research on the topic of employment can be found below. Download the Employment status and sight loss 2017 report and read the key findings; Labour Force Survey 2016. The unemployment rate represents the number of unemployed as a percentage of the labor force. Since the March Employment Situation, the number of respondents reporting as "employed but absent from work due to other reasons" has risen as a share of the labor force. Here’s Why.
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