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Why is the US Unemployment rate important?

 

The Unemployment Rate released by the US Department of Labor is reported as a percentage worked out by dividing the number of unemployed workers by the total civilian labour force in America. The figure is released at 8.30 am eastern standard time, 1.30pm GMT, on the first trading Friday of the month.

Usually, a higher rate is seen in recessionary economies, while on the contrary, a growing economy sees its unemployment rate decreasing. Therefore, a decrease of the figure is seen as positive for the US economy, while an increase is seen as negative.

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