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In the most recent jobs report; What is the U3 unemployment rate? How many jobs were...

In the most recent jobs report; What is the U3 unemployment rate? How many jobs were created? What was the average wage?

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Answer #1

1. U-3 unemployment rate is a share of the labour force expressed as a percentage form that is jobless.

2. When the economy is disturbed and have scarcity of jobs, then this unemployment rate tends to rise and it's contrary precisely when the economy is growing at healthy rates.

3. In U.S. the Bureau of Labour Statistics (BLS) releases the U-3 rate as a part of its monthly employment situation report.

4. 250,000 jobs were created approximately as of October 2018 and this rate remains unchanged from 3.7%

5. It's a mystery that the unemployment rate is low and wage rate is not raised by the employers. And it was before 1994 that the economy enjoyed the non wage benefits along paving the fastest growth. One of the reason is changing composition of the work force for slower wage growth. It's below 4.2% on an average before the 2001 recession.

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