With Trump’s unexpected election victory, some are asking questions like, “What does that mean for my 401(k) plan?” and “Will I be able to retire early?” But your future retirement also depends on your unemployment rate. The current unemployment rate is at 4.1 percent, and according to the US Bureau of Labor Statistics , the unemployment rate was over 8 percent during most of the Great Recession (from January 2008 to June 2009). While unemployment fluctuates from year to year, here are a few reasons to be concerned about a future of higher unemployment.

Unemployment rate in the United States is considered one of the most important figures in the nation. The U.S. Bureau of Labor and Statistics releases the unemployment rate every month and is a widely watched figure. For the June 2018 report, the unemployment rate was 3.7 percent, which means that the nation needs more work.

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Frequently Asked Questions

What is the real unemployment rate 2021?

The real unemployment rate is the unemployment rate adjusted for inflation. The real unemployment rate is a measure of the unemployment rate that takes into account how much the cost of living has changed.

What is the formula for finding unemployment rate?

The unemployment rate is the percentage of unemployed people in the labor force.

How do you calculate employment rate?

The employment rate is the percentage of people in the labor force who are employed.

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