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US Jobs Report & Unemployment Rate History Current Release and Historical US unemployment rate graph |
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Unemployment Rate Chart Return to KirkLindstrom.com home page |
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November 2, 2012: Today the US Department of Labor announced the unemployment rate grew 0.1% to 7.9% in October 2012 from 7.8% in September. Sadly, average hourly earnings also fell. Unemployment Rate ChartHousehold Survey Data Both the unemployment rate (7.9 percent) and the number of unemployed persons (12.3 million) were essentially unchanged in October, following declines in September.Unemployment higher, hourly earnings lower and the annual increase in earnings at 1.6% is less than inflation. None of this is good for an economic recovery. From Consumer Price Index Summary "The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in September on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today (October 16, 2012.) Over the last 12 months, the all items index increased 2.0 percent before seasonal adjustment." |
From Chartoftheday.com1
Today, the Labor Department reported that the unemployment rate ticked up to 7.9%. For some perspective on the current state of the labor market, today's chart illustrates the unemployment rate since 1948. As today's chart illustrates, the unemployment rate has been (despite this month's uptick) trending lower since peaking at 10% back in October 2009. While the overall downtrend of the unemployment rate is positive, it is worth noting that the current unemployment rate remains at a level that has rarely been surpassed during the post-World War II era.
Article:
Beware
of
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Note 1. Source:
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Disclaimer: The information contained in this web site is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This blog is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice. Copyright © 2012 Kirk Lindstrom. Note: "CORE & Explore®" was coined by and is a registered trademark of Charles Schwab & Co., Inc. |