Unemployment rate

The unemployment rate is the share of the US labour force that wants work and has none, from the same BLS release as payrolls. A rising rate pulls rate cuts closer, and how the jobs report is read explains why it can matter more than the headline job count.

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  • Average hourly earningsAverage hourly earnings is the wage growth number in the US jobs report. Wages are the bridge from jobs to prices…
  • Dual mandateThe dual mandate is the Fed's job as Congress wrote it: stable prices and maximum employment. The 2% inflation target…
  • JOLTSJOLTS is the BLS survey of job openings and labour turnover. Openings against unemployed workers is the Fed's read on…
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