Economic Event | Unemployment Rate |
Units | Percentage Rate |
Current Period | Feb 2011 |
Release Date | Mar. 04. 11 |
Reported | 8.9 |
Consensus for Current Period | 9.1 |
Number of Forecasts | 60 |
Economic Surprise | -0.2 ( -2.20 % ) |
Prior Period | Jan 2011 |
Reported Value for Prior Period | 9.1 |
Revised From | |
Next Release Date | Apr. 01. 11 |
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. |