Economy 2013

Economy 2013

The annual U.S. unemployment rates over the past six years.

Unemployment rate refers to the percentage of total unemployed people that are actively seeking jobs and willing to work in order to improve their lifestyle (International Monetary Fund, Research Dept, 2012). In last decade, Untied states unemployment has been always been ranged between 2.5% to 10.89%. According to the Bureau of Labor Statistics, this rate has been deemed as the lagging indicator since this does confirm the long term market trend rather foreshadowing long-term market trends.

Sources: tradingeconomics

Year

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2008

5.0

4.9

5.1

5.0

5.4

5.6

5.8

6.1

6.1

6.5

6.8

7.3

2009

7.8

8.3

8.7

9.0

9.4

9.5

9.5

9.6

9.8

10.0

9.9

9.9

2010

9.8

9.8

9.9

9.9

9.6

9.4

9.5

9.5

9.5

9.5

9.8

9.3

2011

9.1

9.0

8.9

9.0

9.0

9.1

9.0

9.0

9.0

8.9

8.6

8.5

2012

8.3

8.3

8.2

8.1

8.2

8.2

8.2

8.1

7.8

7.9

7.8

7.8

2013

7.9

7.7

7.6

7.5

Source: Bureau of Labor Statistics

From the above graph, it is clear that unemployment ...