U.S. Jobs and Labor Tracker
Key Takeaways
The unemployment index is at its highest point since June, as weak spots in the labor market may be starting to spread. The overall level of joblessness is still relatively low, below the 100.0 threshold designated as “neutral” — but it has been trending in the wrong direction for most of the past month.
The recent increase in unemployment has largely been driven by prime-age female workers. Slower jobs growth in industries that disproportionately employ women, such as education and health services, may be leaving more job-seekers on the sidelines for longer periods of time, driving up female unemployment.
Job searches have eased somewhat in September, with a notable contraction among high-income employed adults. Decreased enthusiasm for seeking greener pastures among this cohort aligns with a general downturn in sentiment for high earners recently; this group may be feeling more cautious about the economy overall and more eager to sit tight with current employers.
Data Downloads
Intel clients are able to download the datasets that underpin Morning Consult Pro's reports and analysis. Contact us to get access.
Unemployment Index
Since August 2020, Morning Consult has been gathering daily data on the employment status of U.S. consumers. Although the methodology differs, this survey uses the same definition as the Bureau of Labor Statistics (BLS) to determine the national unemployment rate. Consequently, Morning Consult’s high-frequency data provides valuable insights into real-time joblessness fluctuations.
The Unemployment Index is designed with ease of interpretation in mind. The index’s base value of 100 is intended to be consistent with a “neutral” (or, in economic terms, natural) unemployment rate. This value would equate to the lowest level of joblessness the economy could theoretically sustain without triggering elevated inflation.
More about the construction of the index and the methodology can be found here.
About the survey:
- Began fielding: Aug. 15, 2020
- Frequency: Daily, typically reported as a 4-week moving average
- Fielding period: 4 a.m. ET to 3 a.m. ET the following day
- Sample size: Over 15,000 adults per day globally (over 5,000 per day in
the United States) - Geographic coverage: Over 40 countries
*Please note that only select demographics are displayed here. Pro+ and MCI clients can download the interactive data files to analyze additional demographics.
Demographic breakout
Job Search Activity
Morning Consult's U.S. Job Search Activity data provides an always-on gauge of the jobs market by asking about job search activity, providing enhanced scale, frequency and depth compared with traditional data sets. The question is asked in over 40 countries, while this chart pack provides data on only the United States.
- Began fielding: Aug. 15, 2020
- Frequency: Daily, typically reported as a 4-week moving average
- Fielding period: 4 a.m. ET to 3 a.m. ET the following day
- Sample size: Over 15,000 adults per day globally (over 5,000 per day in
the United States) - Geographic coverage: Over 40 countries
*Please note that only select demographics are displayed here. Pro+ clients can download the interactive data files to analyze additional demographics.
** This data is part of Morning Consult's daily tracker. MCI clients can access this data on a daily frequency by desired Audience (demographic, psychographic and usage questions), Brand, Economic and Political cuts.
Job Search Activity
Email [email protected] to speak with a member of the Morning Consult team.
