Take a Look: A Snapshot of the U.S. Jobs Market

By Markets FOXBusiness

The U.S. jobs markets has gone through many twists and turns over the past 40 years. Here is a look at some key statistics and how they have changed. 

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Definitions

Labor force: Every person above 16 years old who is neither in an institution (such as a jail) or actively serving in the Armed Forces. People who have stopped looking for work after four weeks or who become unavailable for work drop out of the labor force.

Unemployed: An individual who is without work but has looked for a job in the past four weeks and is currently available to work. 

Unemployment rate: The proportion of the labor force that is unemployed. 

Labor force participation rate: The proportion of the labor force that is currently employed or unemployed. 

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Click here for more information from the Labor Department.

Charts

The following charts, created by FOX Business, are based on seasonally-adjusted estimates by the Labor Department. 

   

*The earnings listed on the above chart are not adjusted for inflation.

 

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