U.S. Department of Labor Unemployment Rate Calculator
Introduction & Importance
The U.S. Department of Labor calculates the unemployment rate by using a survey to determine the number of people who are unemployed and actively seeking work. This rate is a crucial indicator of the health of the economy and is closely watched by policymakers, businesses, and individuals.
Interactive FAQ
What is the difference between U-3 and U-6 unemployment rates?
The U-3 rate is the most commonly reported and includes people who are unemployed and actively seeking work. The U-6 rate includes discouraged workers and those working part-time for economic reasons.