US Unemployment Rate

The unemployment rate measures the percentage of the labor force that is jobless but actively seeking work. It is a key economic indicator reflecting the health of an economy. Calculated by dividing the number of unemployed individuals by the total labor force, it helps policymakers, economists, and businesses understand labor market conditions. A high unemployment rate indicates economic distress, while a low rate suggests economic growth. It influences decisions on interest rates, government policies, and business investments.