Wednesday, December 19, 2012

Unemployment facts and resources

Looking ahead to 2013, we have a chronic, long-term unemployment problem in most of the developed world, including Europe and the US--

Unemployment in the United States - Wikipedia, the free encyclopedia: "Unemployment rate forecasts - The Congressional Budget Office provides an unemployment rate forecast in its long term budget outlook. During August 2012, it projected that the unemployment rate would be 8.8% in 2013 and 8.7% in 2014. CBO projected the rate would then begin falling steadily to 5.5% by 2018 and remain around that level through 2022. This forecast assumes annual real GDP growth will exceed 3% between 2014 and 2018.[77]". . . The U.S. civilian labor force was approximately 155 million people during October 2012.[5] This was the world's third largest, behind China (795.5 million) and India (487.6 million). The entire European Union employed 228.3 million . . . Obtaining data:

The FRED database contains a variety of employment statistics organized as data series. It can be used to generate charts or download historical information. Data series include labor force, employment, unemployment, labor force participation, etc. The Bureau of Labor Statistics (BLS) also releases employment statistics. Some popular data series include:
FRED - Civilian Labor Force
FRED - Civilian Labor Force Participation Rate CIVPART
FRED - Civilian Unemployment Rate UNRATE
FRED - Civilian Unemployed UNEMPLOY

Job creation in the U.S. is typically measured by changes in the "Total Non-Farm" employees.
FRED - Total Non-Farm Employment

FRED has gathered many of the employment statistics on one page for easy access:
FRED-Unemployment Series"

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