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Introduction to U.S. Economy: Unemployment (CRS Report for Congress)

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Release Date Revised July 12, 2022
Report Number IF10443
Report Type In Focus
Authors Lida R. Weinstock
Source Agency Congressional Research Service
Older Revisions
  • Premium   Revised Nov. 6, 2020 (138 pages, $24.95) add
  • Premium   Revised July 7, 2020 (134 pages, $24.95) add
  • Premium   Revised Nov. 7, 2019 (133 pages, $24.95) add
  • Premium   July 27, 2016 (2 pages, $24.95) add
Summary:

The official unemployment rate, also known as U3, released on a monthly basis by the Bureau of Labor Statistics (BLS), measures the number of unemployed individuals as a percentage of the entire labor force. The unemployment rate is most often used as a measure of labor market strength but it is also a useful indicator and predictor of movements in the broader economy.