Understanding what the unemployment rate is and how it is determined is an important part in figuring out the economic standing for the country and for each state. The official jobless rate determines who exactly is considered unemployed, which includes the individuals who are willing to work, available to work and who have actively sought out work within four weeks.
The unemployment rate considers those who are temporarily employed or who work part-time as employed. To calculate the jobless rate in each state, the number of unemployed individuals is divided by the number of total individuals within the labor force and multiply by 100. This percentage becomes the representation of the unemployment rate, which then fluctuates on a monthly basis depending on things like job growth or job loss.
What is the unemployment rate in Delaware?
To be specific for those curious as to what is the unemployment rate in Delaware, the answer is 4.6 percent as of April 2017. The unemployment rate in Delaware was 0.2 percentage points above the national average for the month of April. Over the past year, the national unemployment rate and the unemployment rate in Delaware have remained even-keeled, with only a few tenths of a percentage point difference. This is good news for residents of Delaware, as the economists are projecting a moderate rate of job growth that should continue for the remainder of the year. The economy in Delaware is not entirely fast moving, but it is inching toward full employment and wage growth statewide.
Beyond the unemployment rate in Delaware and the trajectory of the economy, for those who are struggling to find employment or need help with temporary wage compensation, then unemployment benefits are available. Each state provides unemployment insurance benefits for individuals who are willing and able to work but find themselves without employment through no fault of their own. Delaware eligibility requirements may differ from other states, so it is important to understand the application process, as well as requirements for eligibility prior to applying. It is also crucial to note, in the state of Delaware an individual must actively be seeking work opportunities each week that they apply for unemployment benefits.