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Unemployment rate

These "discouraged" workers are left out of the unemployment rate

by Matt Levin
Oct 14, 2024
Some unemployed Americans who want to work are discouraged by the job market, so much so that they've paused looking.
About 445,000 Americans fit the federal definition of discouraged worker last month. But many more out-of-work people still feel discouraged.
Scott Olson/Getty Images
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As the labor market cools, keep an eye on this number in the jobs report

by Sean McHenry
Oct 3, 2024
It looks at the concentration of job growth. When it's above 50, more industries added jobs than shed them that month.
The monthly jobs report includes an analysis of which sectors added and lost jobs. The Federal Reserve is likely keeping an eye on it.
Joe Raedle/Getty Images
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Beveridge curve was behind the curve in linking employment, inflation

by Kimberly Adams and Sofia Terenzio
Feb 1, 2024
A strong job market alongside cooling price gains has economists debating a key model, Bloomberg's Enda Curran reports.
The Beveridge Curve looks at the relationship between unemployment and job openings. Many economists thought joblessness would have to rise for inflation to cool, but recently that hasn't been the case.
Chip Somodevilla/Getty Images
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Rising unemployment doesn't hit all parts of the labor force equally

by Mitchell Hartman
Sep 14, 2023
Even a small increase in unemployment can result in disproportionate effects on marginalized groups.
As the unemployment rises, it'll be important to keep an eye on how much more it rises for vulnerable groups, says Betsey Stevenson of the University of Michigan.
Alex Edelman/AFP via Getty Images
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Fading job prospects discourage younger Chinese workers

by Jennifer Pak
May 17, 2023
China's job market remains competitive as the economy recovers from zero-COVID. But some young people have lost their eagerness to compete.
Students at a job fair in Beijing last year. Unemployment among graduates has remained stubbornly high even though China has dismantled its zero-COVID policy.
Jade Gao/AFP via Getty Images
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Why more workers in China are ruling out factory jobs

by Jennifer Pak
Apr 17, 2023
Despite high unemployment among young people, most factories are short of workers. It might reflect false promises and poor conditions.
Production in progress at a factory in China's eastern Anhui province. Factory work has lost much of its popularity as a career choice. “The workers just don't trust factory owners,” one former employee said.
STR/AFP via Getty Images
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Job hunting in China's slowing economy

by Jennifer Pak
Aug 15, 2022
The unemployment rate is high among young Chinese graduates. What does it take a get a job in such a tough economy?
A busy Shanghai job fair in 2018. Since then, unemployment among 16- to 24-year-olds has steadily climbed, reaching 19.9% last month.
Charles Zhang/Marketplace
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What the Beveridge curve tells us about the Fed's path to a “soft landing”

by Kai Ryssdal and Maria Hollenhorst
Jun 14, 2022
If you want to understand the challenge of slowing inflation without damaging the labor market, picture a skateboard ramp.
The Beveridge curve appears when you plot the relationship between unfilled jobs and unemployment — it shows how those two variables move together.
Photo by Mario Tama/Getty Images
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Is it possible for unemployment numbers to be too low?

by Kristin Schwab
Apr 7, 2022
This week jobless claims were at their lowest since 1968. What's the economic downside of too few people looking for work?
The unemployment rate doesn't necessarily paint the whole jobs picture.
Stefani Reynolds/AFP via Getty Images
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Without teen workers, "we'd have to close our doors"

by Meghan McCarty Carino
Nov 9, 2021
A hot job market continues to seek out teenagers. But will that hurt their academics and long-term job prospects?
Amid a labor shortage, the teenage employment rates remain high.
Fly View Productions via Getty Images
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