unemployment continues to decline in the USA

Written By H. Pike Oliver

The broadest measure of unemployment in the USA is the U-6 unemployment rate. In addition to the recently unemployed who are actively seeking work, it includes discouraged workers who have quit looking for a job and part-time workers who would like to upgrade to full-time employment. This rate has gradually declined from a high of 17.1% in April 2010 to 7.6 percent as of May 2018--the lowest data point for this rate since the U.S Bureau of Labor Statistics began tracking it in 1994. Click on the graph below to see sources and a brief explanation of the six unemployment rates published by the Federal Government.

H. Pike Oliver

H. Pike Oliver focuses on master-planned communities. He is co-author of Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and THE BIG PLAN, published by Routledge in 2022.

Early in his career, Pike worked for public agencies, including the California Governor's Office of Planning and Research, where he was a principal contributor to An Urban Strategy for California. For the next three decades, he was involved in master-planned development on the Irvine Ranch in Southern California, as well as other properties in western North America and abroad.

Beginning in 2009, Pike taught real estate development at Cornell University and directed the undergraduate program in Urban and Regional Studies. He relocated to Seattle in 2013 and, from 2016 to 2020, served as a lecturer in the Runstad Department of Real Estate at the University of Washington, where he also served as its chair.

Pike graduated from San Francisco State University's urban studies and planning program and received a master's degree in urban planning from UCLA. He is a member of the American Planning Association and the Urban Land Institute and a founder and emeritus member of the California Planning Roundtable.

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