The natural rate of unemployment is the sum of the frictional and structural unemployment rates. Youth were almost three times as likely as adults to be unemployed, with unemployment rates of 12.8 per cent and 4.4 per cent, respectively, in 2016. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%. 2% of contributory employers are audited each year. The US average is 3.7%. It does not include cyclical unemployment that results from a downturn in the business cycle . The labor force participation rate increased 0.1 percentage points to 72.8 percent. That's Thailand's official unemployment rate as of the end of 2014. Goal #2: Continue to encourage use of web-based services. It’s also important that a place offers things to … The unemployment rate soared to 14.7% in April, its highest level since the BLS started recording the monthly rate in 1948. Among its goals: holding the unemployment rate below 4.5% through fall and winter, along with maintaining an overall fatality rate from COVID-19 below 1%. The Fallacy of Our Nation's Unemployment Rate The U.S. unemployment rate fell to 5.4% in April -- a seven-year low. Arlington Heights has an unemployment rate of 3.1%. Suggested Citation: Arlington Heights has seen the job market decrease by -0.2% over the last year. The United States’ unemployment rate for July was 10.2%, according to the BLS. For more details, see the release's frequently asked questions. The Bottom Line. Maywood’s current unemployment rate is 20 percent, more than triple the average unemployment for … Unemployment rate at 4.1 percent in February 2018. The unemployment rate announced by the U.S. Bureau of Labor Statistics each month is based on the Current Population Survey (CPS), which has been carried out every month since 1940 by the U.S. Bureau of the Census. March 14, 2018. On the flip side, Mississippi is the state where unemployment rates were consistently higher than average, as they were above the rest of the country’s average 41 out of 44 years. (average) 12. In the 44-year time period evaluated, four states had unemployment rates below the national average every single year – Nebraska, Virginia and both Dakotas. In the race for Illinois House from District 47, Democrat Jennifer Zordani of Clarendon Hills is challenging incumbent Deanne Mazzochi, an Elmhurst Republican, in the Nov. 3 general election. In November 2020, the Monthly Unemployment Rate was 7.2% for males and 7.8% for females, see Table 1(a). The lowest level of unemployment that the economy can sustain changes over … 12  Zero unemployment wouldn’t be ideal, also almost impossible, because it would indicate a severely overheating economy. China declares early victory in 2020 job creation goal, but questions linger over data China’s urban unemployment rate was 5.3 per cent in October, 0.1 … 11. But there's much more behind this number than meets the eye. The national unemployment rate fell by 0.5 percentage point over the month to 7.9 percent but was 4.4 points higher than in September 2019. The ideal real unemployment rate for the United States is 3.5% - 4.5%. The global unemployment rate stood at 5.7 per cent in 2016, with women more likely to be unemployed than men across all age groups. When the unemployment rate got down to 4 per cent in early 2008, most economists would have regarded that as clearly below the NAIRU. Breaking the results down by broad age group, the traditional Monthly Unemployment Rate for those aged 15 to 24 years was 20.2% in November 2020, while it was 5.7% for those aged 25 to 74 years, see Tables 1(b) and 1(c). 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