Unemployment
Economic Issue
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Ohio unemployment rises to 10.5 pct in Oct...more hiring by both services and goods-producing businesses. Department director Douglas Lumpkin says more workers found themselves unemployed and looking for work, keeping the state's labor market weak. The number of workers... In this article: Ohio and Unemployment |
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AP Online | 5 hours ago
SC unemployment rises to 12.1 percent for October
...steady," Schunk said. "The recession may be over, but this does not mean we are on a path of sustained recovery." The number of unemployed people in South Carolina went up by nearly 10,000 in October, to about 263,000, according to...
In this article: South Carolina, Recession, Mark Sanford, Coastal Carolina University, and U.S. Bureau of Labor Statistics
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CNN | 8 hours ago
More states say unemployment is up
...region now has a jobless rate of 10.8% -- the highest rate ever in the 33-year old state unemployment report. The Northeast again had the lowest rate of unemployment at 9%, the same level as the previous month. * : Time reflects local...
In this article: Michigan, District of Columbia, Cnnmoney.com, Labor Department, Nasdaq, NEW YORK, North Dakota, and Utah
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Ill. unemployment hits 11 percent
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Forbes.com News | 1 day ago
Unemployment Up Again
...any recovery is only a partial recovery. "As long as the consumer is 70% of the gross domestic product, then we can't recover with so many unemployed and underemployed," says Hilary Kramer, chief investment strategist at A& G Capital...
In this article: Exelon, Duke Energy, Occidental Petroleum, Schlumberger Limited, Amazon.com, S&P 500, Comcast, and ConocoPhillips
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Reuters | 2 days ago
BoE's Barker sees no turn in unemployment soon
Britain's recession will not really have ended until unemployment starts to fall, which is unlikely to be soon, Bank of England policymaker Kate Barker said in an intervew published on Wednesday. "I think I would expect rising unemployment...
In this article: Kate Barker, Bank of England, Recession, and Britain
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washingtonpost.com | 7 days ago
Long-term unemployment at all-time high, looks like it's here to stay
...Afghanistan. Yesterday, I examined unemployment among Hispanics. Today, it's long-term unemployment, which the government defines as being unemployed for at least 27 weeks. The percentage of Americans who have been unemployed for more than...
In this article: Recession, Labor Department, Bureau of Labor Statistics, U.S., Europe, Afghanistan, France, and Iraq
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Description from Wikipedia:
thumb|350px|CIA figures for the latest [[List of countries by unemployment rate|world unemployment rates]]
Unemployment occurs when a person is available to work and seeking work but currently without work. The prevalence of unemployment is usually measured using the unemployment rate, which is defined as the percentage of those in the labor force who are unemployed. The unemployment rate is also used in economic studies and economic indices such as the United States' Conference Board's Index of Leading Indicators as a measure of the state of the macroeconomics.
==Okun's Law==
Okun's law states that for every 3% GDP falls relative to potential GDP, unemployment rises 1% (of the total workforce). When the economy operates at productive capacity, it will experience the natural rate of unemployment.
U= ^u-h[100(y/yn)-100]
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