Unemployment Rate

U3 (Unemployment) & U6 (Underemployment)

• Unemployment Description: generated by a survey of households, and from a survey of businesses. The unemployment rate has long been an indicator of the health of the economy, shrinking when jobs are plentiful and rising when times get hard.
• U6 Underemployment Description: A broader measure of unemployment, called U-6, captures people who are not counted in U-3, like those working fewer hours than they would like, or who looked for work in the past but just not recently.

State Unemployment Rate

Weekly Unemployment Claims

Signals large number of workers  will soon be collecting unemployment and possibly other public benefits, and income tax revenue may decline (if applicable).

Nonfarm Payrolls

Nonfarm payrolls is the measure of the number of workers in the U.S. excluding farm workers and workers in a handful of other job classifications.

Job Openings and Labor Turnover Rate

This data serves as demand-side indicators of labor shortages at the national level.

Poverty Rate

United States

• The poverty rate is the ratio of the number of people (in a given age group) whose income falls below the poverty line.

State

• The poverty rate is the ratio of the number of people (in a given age group) whose income falls below the poverty line.

Labor Productivity

Labor productivity (output per hour); percent (%) change from same quarter one year ago