Employment Data
Employment data refers to statistics that provide insights into the job market, including the number of people employed, unemployed, and those actively seeking work. This data is often collected by government agencies, such as the Bureau of Labor Statistics, and is used to analyze trends in employment, wages, and economic health.
Key components of employment data include the unemployment rate, which measures the percentage of the labor force that is jobless, and job growth, which indicates how many new jobs are being created in various sectors. This information helps policymakers, businesses, and individuals make informed decisions regarding the economy and workforce.