Economic Event | Unemployment Rate |
Units | Percentage Rate |
Current Period | Aug 2010 |
Release Date | Sep. 03. 10 |
Reported | 9.6 |
Consensus for Current Period | 9.6 |
Number of Forecasts | 56 |
Economic Surprise | 0 ( 0.00 % ) |
Prior Period | Jul 2010 |
Reported Value for Prior Period | 9.5 |
Revised From | |
Next Release Date | Oct. 08. 10 |
Next Release Time | 8:30 AM Eastern Time |
Source | http://stats.bls.gov/news.release/pdf/empsit.pdf |
Note | |
Description | The percentage of the total labor force that is unemployed but actively seeking employment and willing to work. The unemployment rate is considered a lagging indicator, confirming but not predicting long-term market trends. Empirical work has shown that significant surprises in the Unemployment Rate are correlated with stock price movements. |