Rates that show what share of people are working, looking for work or have given up, including the headline unemployment rate, youth and long-term unemployment, labor force participation, the employment rate and the Sahm rule recession signal. An indicator belongs here when its cited article describes a rate or ratio of people in or out of work. The group brings together the entries filed under the heading Employment and Unemployment Rates, so a reader can compare them and move from one to another within the same part of the economic field.
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Employment and Unemployment Rates
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Youth unemployment (Wikipedia)
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Youth unemployment refers to the proportion of the labor force aged 15-24 who do not have a job but are seeking employment.
Wikipedia: Employment rate
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Employment rate, also called the employment-to-population ratio, is a statistical ratio that measures the proportion of a country's working age population (statistics are often given for ages 15 to 64) that is employed.
Discouraged worker (Wikipedia)
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In economics, a discouraged worker is a person of legal employment age who is not actively seeking employment or who has not found employment after long-term unemployment, but who would prefer to be working.
Wikipedia: Sahm rule
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In macroeconomics, the Sahm rule, or Sahm rule recession indicator, is a heuristic measure by the United States' Federal Reserve for determining when an economy has entered a recession.
U.S. Bureau of Labor Statistics: How the Government Measures Unemployment
U.S. Bureau of Labor StatisticsHas Member: Unemployment Rate, Page textQuote, Has Member: Unemployment Rate, Page text
These figures, particularly the unemployment rate-which tells you the percentage of the labor force that is unemployed-receive wide coverage in the media.
U.S. Bureau of Labor Statistics: Concepts and Definitions, Current Population Survey
U.S. Bureau of Labor StatisticsHas Member: Labor Force Participation Rate, Page textQuote, Has Member: Labor Force Participation Rate, Page text
The labor force participation rate is calculated as (labor force ÷ civilian noninstitutional population) × 100.
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