What is unemployment rate?UNEMPLOYMENT RATE

Unemployment rate, English is the UNEMPLOYMENT RATE, which indicates the economic indicator of the proportion of the unemployment population in a country.It can be used to measure the supply and utilization rate of the country’s labor force.It can also measure the country’s sustainable development goal.It is the country.One of the important reference indicators of economic development.

The calculation method of the unemployment rate is to divide the number of unemployed population with the total labor population, and then change it to a percentage.Among them, the total number of labor population includes the number of unemployment population, the number of labor population-based or contract-based labor population, and individual operators or self-employed people.For the definition of the unemployment population, there will be some differences in each country, which leads to different values and changes between the country between the country and the country.

Generally, the unemployment rate will be statistics and release every month.Because the unemployment rate is usually affected by various economic events, the impact of these incidents on the value changes in the unemployment rate requires a certain time, so the unemployment rate is a lagging economic indicator.It reflects the influence of economic incidents on the labor market in the past.Government, central banks, etc.will refer to the unemployment rate to adjust the monetary policy, and timely introduce some rescue policies to help people in the economic crisis.For investors, tracking the unemployment rate value can often obtain fluctuations in the overall financial market, because the unemployment rate is closely related to the development of various industries.

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What is important to understand the unemployment rate?

The unemployment rate represents the high or low utilization rate of labor, and the high unemployment rate means the low labor utilization rate.The decrease in unemployment rate means that the labor utilization rate is increased.The labor utilization rate will directly affect the economic development of a country.

When the labor utilization rate of a country increases and the unemployment rate decreases, it shows that more people participate in the construction of the country, and more employees in all walks of life have improved the productive forces of goods or services through their own labor.Return, accompanied by stable labor income, will also increase the people with stable consumption capacity, which will accelerate the development of the country’s economy.At the same time, the unemployment rate decreases, and the country’s financial assistance expenditure for disadvantaged groups will also decrease.

On the contrary, when the labor utilization rate of a country decreases, the unemployment rate is increased, the number of people participating in labor production is reduced, and productivity such as goods and services will slow or even stagnate.Reduced the gross national product and slow down the speed of economic development.On the other hand, with the increase in the number of unemployed people, the government has to increase economic subsidies to such people to ensure that they can maintain daily life.

It can be seen that the unemployment rate is one of the important indicators to measure the economic growth rate of a country or economy.In the United States, the unemployment rate is one of the most important reference economic indicators for the Fed Reserve to observe economic health and adjust monetary policy.

When using the unemployment rate, you can compare or compare a month-on -month or year-on -year comparison.

  • When comparing the month-on -month comparison, you can observe the employment situation in the economy along the development of time.For example, compare the unemployment rate of this month and last month, to measure the development trend of the employment market.However, such a comparison method is easily affected by seasonal factors.For example, during the peak season of tourism or consumption, the unemployment rate may be reduced, but this is not great to indicate the speed of the overall economic development.
  • When comparing the year-on -year comparison, compare the unemployment rate in the first quarter of this year and the first quarter of last year, thereby avoiding the impact of seasonal factors, and considering a clearer job-based labor utilization rate.

Investors usually view the industry with the fastest rise in unemployment rates through unemployment data, and then usually adopt stocks selling these industries or funds containing these stocks, because the rise in unemployment rate means that the development of these industries is the most serious.

In contrast, an industry that shows a decline in unemployment means that the current development trend is good.The industry can provide sufficient employment opportunities.The high use of labor force meansChoose to invest in these industries.

On the other hand, the unemployment rate will directly affect the rise and fall of interest rates, because when the central bank will increase the interest rate when the unemployment rate is increased to help the economy that stimulates a weak performance, and when the unemployment rate is reduced, the interest rate will increase the interest rate to come to the interest rate to come to the interest rate to come to the interest rate to come to the interest rate to come to the interest rate to come to the interest rate to come to the interest rate to come to the interest rate to come to the interest rate to come to the interest rate to come to the interest rate.Prevent excessive inflation that may occur.Therefore, for investors who track interest rates, paying attention to the unemployment rate can help themselves judge the market trend in time.

In the foreign exchange market, the unemployment rate will also affect the value trend of the country’s currency in the international market.Taking the US dollar as an example, when the unemployment rate decreases, the US economy will show a rapid growth trend.The Fed will increase interest rates.In the foreign exchange market, the value of the US dollar will increase.The unemployment rate can predict the value of the US dollar to a certain extent.

How is American unemployment rate be counted?

U.S.unemployment rate is referred to as the Bureau of Labor Statistics ( BLS) Statistics and published on its portal on the first Friday of each month.

The U.S.Labor Statistics will conduct unemployment statistics for definition of various unemployed personnel.The most important are the six categories: U-1 to U-6.

The most important of the six types of unemployment rates is U-3, called the overall unemployment rate.Its unemployed person refers to those who are under the age of 16 or less than 65 years of age, but have no job, but have actively looking for jobs in recent weeks.

  • U-1 is a long-term unemployed for at least 15 weeks of unemployment;
  • U-2 refers to a short-term unemployed person who has less than a month of unemployment;
  • U-4 refers to personnel who are unemployed and feel discouraged by employment;
  • U-5 refers to other marginal workers;
  • U-6 refers to all those who are technically unemployed in technology.They are working part-time but more hoped to have a full-time staff, as well as those who have found a job in the past 12 months but have not found a job in the past 4 weeks.

It should be noted that those who are temporarily fired at the same time are also included in the unemployment rate at the same time, but those who completely abandon employment will not be included in the unemployment rate.Therefore, some people will think that the actual unemployment rate should beIt will be higher than the report value.

The calculation method of unemployment rate is to divide the total labor force of the unemployed, and then convert it to a percentage value.The total labor force is the sum of the unemployed and the employees.

In the calculation of the employees, if you work in your own enterprise, or work for more than 15 hours for free, you will be included in the employed person;It is considered a employee.Those who do not meet the working conditions are not included in the overall labor force, including students, retirees, and those who stay at home to take care of their families.

How is China’s unemployment rate statistics?

China’s unemployment rate is from China National Bureau of Statistics Produced and published on its portal every month.

The calculation method of China’s unemployment rate adopts international standard calculation method.The number of unemployment population is to be divided into total labor, and then converted to a percentage value.

According to Chinese law, the definition of the unemployed population is over 16 years old and is currently in a state of unemployment.It is actively looking for work in the past three months.If there is a suitable job, people who can start working within 2 weeks.

The definition of the employment population is at the age of 16 years.In the past week, the number of people who have carried out paid labor or individual operations for more than 1 hour.

It should be noted that when China currently has an unemployment rate, the population of statistics is limited to the urban population, including those migrant workers living in the city for more than 6 months without calculating the number of rural population.

The statistical method before 2018 adopts the statistical method of active registration of the unemployed population.After 2018, the Statistics Bureau conducts a labor survey for the number of population surveys.Each month will investigate the employment of a certain number of households according to the proportion.After 2 months of continuous investigation, the investigation will be stopped for 10 months for these households, and then surveyed for 2 months to avoid the duplication of samples.

In addition to the national unemployment rate statistics, the National Bureau of Statistics of China will also produce classified unemployment reports for different ages, different regions, and different household registration types.

How to check the unemployment rate in the United States?

Step 1: Enter the Ministry of Labor Labor Statistics ( BLS) Homepage

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Step 2: Enter the “Economic Releases” column of the homepage:

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Step 3: Drag the page down and find “Employment Situation”

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Step 4: Find Form A-15 in the Employment Situation page

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Step 5: Then you can see the U-1 to U-6 data in the latest months.

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How to check China’s unemployment rate?

When you need to inquire about China’s unemployment rate, you can enter the official website of the National Bureau of Statistics of China: http://www.stats.gov.cn/

Step 1: After entering the homepage of the official website, click to enter the “Statistics Data” column in the menu bar above:

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Step 2: After entering the data page, you can enter the “unemployment rate” in the search bar to quickly find the reporting reports and unemployment survey reports published.

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