Employment Indicators Definitions
Unemployment Rate: The unemployment rate compares the number of unemployed people actively seeking work to the labor force. This measure, called U-3 by the U.S. Bureau of Labor Statistics, is the most widely cited statistic on unemployment. Alternate measures which seek to measure “underemployment” often include those who are not working as many hours as they would like and discouraged workers who are no longer actively searching for a job.
Data Source: State of Hawaii Department of Labor and Industrial Relations (DLIR)
Link: Unemployment & Labor Force Estimates
Additional Link: Alternative Measures of Labor Underutilization for States from the U.S. Bureau of Labor Statistics
Labor Force: The household employment survey is used to estimates the size of the labor force and the unemployment and employment rates. The labor force consists of all individuals 16 years or older who are employed or who are unemployed and searching for work.
Non-Farm Jobs (With Drilldowns Into Sector): The Bureau of Labor Statistics conducts a separate survey of establishments (businesses) to measure the number of nonagricultural-related jobs also known as payroll employment. The BLS's Current Employment Statistics are some of the most widely followed economic statistics because of their timeliness, accuracy and importance in estimating overall economic activity.