One estimate for the strength of this relationship for the U.S. economy is Okun’s Law (named after the late economist Arthur Okun), which postulates that a decline in unemployment by 1 percentage ...

The number of Americans filing new applications for unemployment benefits decreased last week, suggesting the labor market ...

Because unemployment follows growth with a delay, it is considered a lagging indicator of economic activity. How sensitive is the unemployment rate to economic growth? That depends on several factors, ...

The US labor market added fewer jobs than forecasted in January while the unemployment rate unexpectedly fell. Data from the ...

For the first three years of the pandemic recovery, the labor market was one of the ... between job vacancies and unemployment. As the above chart shows, when unemployment is low, job vacancies ...