Unemployment is generally sorted into four different types: frictional, cyclical, structural, and institutional.

The unemployment rate is calculated using a monthly survey that the Bureau of Labor Statistics uses to identify those who are employed or actively looking for work.

Over 1.9 million Americans—more than a quarter of those unemployed—have been classified as 'long-term' unemployed in a given month in 2026, meaning they've been out of work for at least 27 weeks.

Unions are organizations workers form to improve aspects of their working conditions

While there are many different types of labor unions, they are, generally speaking, organizations workers form to improve aspects of their working conditions, such as vacation time or discipline processes.

Explore an interactive tool that reveals why Americans are unemployed—almost 30% of unemployed Americans ages 25 to 54 cited being laid off as the reason for their unemployment, for instance.

The US youth unemployment rate jumped from 6.6% in 2023 to 10.4% in 2025.

Explore an interactive tool that provides regularly updated information on labor market outcomes of recent college graduates.

Unemployment benefits are calculated as a percentage of a worker's average weekly wages over a recent base period.

The clearest sign of a recession is a steady increase in job losses and high unemployment.

See which college degrees had the highest unemployment rates as of May 2025, with degrees in anthropology, physics, and computer engineering ranking high on the list.

The US Bureau of Labor Statistics releases a monthly 'jobs report' that tracks the unemployment rate, the number of Americans currently on payroll, and more.

Do unions still work?

Workers everywhere from Starbucks to Uber have made headlines about unionizing—and some union experts argue that despite union membership being lower than it was in eras past, unions could still help the economy.

COVID-19's shock to employment rates sparked some economists to fear deflation

COVID-19 simultaneously disrupted the supply chain and the labor market. Since the unemployment rate had hit record highs, some economists were worried that the supply chain would recover before the labor market. If that had happened, businesses would have been producing goods, but no one would have been able to buy them because they wouldn't have the disposable income to do so.

The US unemployment rate soared to over 24% during the Great Depression, the highest in recorded history.

Juliet Schor wrote an informative book about the gig economy: 'After the Gig'

In an interview, she explains that gig economy workers come in two groups: people who are earning supplemental income on the side of a full-time job, and people who depend on gig work for their entire incomes. As it turns out, those groups feel very differently about the gig economy.

Why the employment report matters to Wall Street

On the first Friday of every month, the US Bureau of Labor Statistics releases the infamous "jobs report." The report essentially tracks how US employment is doing, from the unemployment rate to the number of people in the US currently on payroll. But most importantly, the jobs report has major implications for the economy at large. To find out how this monthly report impacts Wall Street, read this article.

Labor unions, explained

The weekend is one of many benefits shaped by labor unions. These organizations, representing millions of workers, have influenced much of modern work life, from wages to safety standards. With roots stretching back to the 18th century, unions have long been at the center of change in labor rights.

Union membership was 9.9% in 2024, the lowest in nearly 40 years

In 1983, for comparison, 20.1% of the US workforce was unionized, or 17.7 million people.

The gig economy is a labor market in which workers earn money through on-demand jobs

These “gigs” are often temporary or flexible tasks, such as driving for Uber. Colloquially, the term “gig economy” usually refers to people doing jobs where they connect with people who request their services through an app.

The number of people collecting money from gig work tripled between 2017 and 2021

That includes people driving for Lyft or delivering food through GrubHub. Those people might be changing the face of the US economy at large, too. Gig work provides a cushion between jobs outside of government unemployment assistance, for example.

The US jobs with the highest union membership rates

The transport and construction industries, as you might have guessed, have particularly high rates of union membership. But do you know the broadcasting industry’s union participation rate, at roughly 10%, isn’t far behind? This visual depicts the US industries with the highest rates of union membership in the country.