In order to gain a more beneficial comprehension of what the condition of the unemployment position is in today’s present economy, The Bureau of Labor Statistics (BLS) calculations shows that as of July 2014, the nation is at a rate of 6.2%. (Economy at a Glance, 2014) The state of Tennessee has a higher unemployment rate than the national average. It is 7.1% (Economy at a Glance, 2014)

The BLS define both “unemployed person and unemployment rate as follows:

Unemployed persons (Current Population Survey) Persons aged 16 years and older who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment sometime during the 4-week period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed.

Unemployment rate The unemployment rate represents the number unemployed as a percent of the labor force. (BLS Information, 2014)

It was further shown during the course of research that both the unemployment rate (6.2 percent) and the number of unemployed persons (9.7 million) improved slight in July. In the course of the last 12 months, the unemployment rate and the amount of unemployed persons have dropped by 1.1% and 1.7 million, in that order. The unemployment rate ticked up to 6.2 percent in July from 6.1 percent in June. (Ahead of the Bell: US Unemployment Benefits, 2014) However, these things transpired given that more Americans started exploring job opportunities. For the most part some individuals did not obtain a job right away, although the climbing amount of jobseekers implies that citizens are becoming more secure about their outlooks.

Growing optimism with reference to jobs and hiring