Nevada’s Economy: Measuring U.S. and Nevada Unemployment

Nevada's Economy- Measuring U.S. and Nevada Unemployment

Earlier this month, we learned the U.S. unemployment rate was a seasonally adjusted 7.4 percent in July. This July figure is the official unemployment rate, and it is sometimes known as the “U-3” rate. The U-3 unemployment rate is measured as the number of unemployed as a percent of the civilian labor force. To be considered part of the civilian labor force, one must either be working or actively seeking a job.

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