Unemployment Rate unchanged in November at 4.1%.

Posted - Filed under Data News, Household Survey.

For more charts and tables at finer levels of detail, please visit our Unemployment Dataset Page.

U3 unemployment rate

Click to enlarge

The BLS U.3 unemployment rate remained unchanged in November (as reported today) at a rounded 4.1%. The Labor Force Participation rate remained unchanged November at 62.7%. The Employment/Population Ratio fell to 60.1% from 60.2%. The contribution of these two factors to the Unemployment Rate is shown in the chart below.

U3 Contributions

Click to enlarge

The relationship between the three measures is as follows:

UR = (LR – ER) / LR

Where LR is the Labor Force Participation Rate, and ER is the Employment Ratio. Note how a decrease in the participation rate on its own, reduces the unemployment rate: The number of available workers drops, and thus there are relatively fewer unemployed – even in the absence of job growth. This is what has happened in the recovery since the “Great Recession”.

Labor Force Participation Rate

Click to enlarge

Employment Population Ratio

Click to enlarge

More detailed Labor Force Participation Charts and Employment Ratio Charts  
U.S. Unemployment Rate. Seasonally Adjusted.
Total Labor Force Mlns Rate (%) Monthly Change (%pts) Year/Year Change (%pts)
Nov. 2016 Nov. 2017 Nov. 2016 Sep. 2017 Oct. 2017 Nov. 2017 Sep. 2017 Oct. 2017 Nov. 2017 Sep. 2017 Oct. 2017 Nov. 2017
All Ages (16+) 159.5 160.5 4.6 4.2 4.1 4.1 -0.2 -0.1 0.0 -0.7 -0.7 -0.5
16 to 19 years 5.9 5.9 15.2 12.9 13.7 15.9 -0.7 0.8 2.2 -3.0 -1.9 0.7
20 to 24 years 15.2 15.1 8.1 7.5 7.2 7.2 0.4 -0.3 0.0 -0.7 -1.2 -0.9
25 years and over 138.5 139.7 3.9 3.5 3.3 3.3 -0.3 -0.2 0.0 -0.6 -0.7 -0.6
25 to 34 years 35.7 36.3 4.8 4.4 4.4 4.3 -0.5 0.0 -0.1 -0.7 -0.7 -0.5
35 to 44 years 32.9 33.2 3.5 3.2 3.0 3.1 -0.2 -0.2 0.1 -0.9 -0.9 -0.4
45 to 54 years 33.9 33.5 3.5 3.1 2.7 2.7 -0.5 -0.4 0.0 -0.5 -0.7 -0.8
55 years and over 36.0 36.8 3.5 3.2 3.1 3.1 0.0 -0.1 0.0 -0.4 -0.6 -0.4
This article was generated automatically from our database. We can automate custom reports, spreadsheets and data feeds for our clients. Please contact us with your requirements.