Arkansas Unemployment Rate
The unemployment rate in the United States is measured by the Bureau of Labor Statistics. Also known as the jobless rate, this number is calculated as a percentage and is measured by two separate labor force surveys. The unemployment rate is the total amount of individuals who are unemployed versus the entire labor force as a whole. The importance of the unemployment rate calculation on a state level as well as the entire country is so certain effects can be monitored. For example, a high jobless rate can have a negative effect on economic growth and become a waste of resources for each state. Understanding the unemployment rate can allow economists and government officials the ability to figure out, redistribute budgets and factor in economic standings on a state level.