The seasonally adjusted unemployment rate rose from 4.3% in January 2001 to 6.3% in June 2003, then fell as the housing bubble inflated to a trough of 4.4% in March 2007. As the Great Recession deepened, the rate rose again to 6.1% in August 2008 and up to 7.2% in December 2008 at the end of the Bush administration.
What is the lowest unemployment rate in US history?
The lowest unemployment rate was
1.2% in 1944
. It may seem counterintuitive to think unemployment can get too low, but it can. The Federal Reserve says that the natural rate of unemployment falls between 3.5% and 4.5%.
What was Australia's unemployment rate in 1990?
| Year Unemployment rate Percent Change | 1989 6.142 -14.79% | 1990 6.942 13.03% | 1991 9.608 38.40% | 1992 10.742 11.80% |
|---|
What was the unemployment rate 2020?
In 2020, the unemployment rate among the United States population ranged at approximately
8.31 percent
.
What was Australia's highest ever unemployment rate?
Unemployment Rate in Australia averaged 6.78 percent from 1978 until 2021, reaching an all time high of
11.20 percent
in December of 1992 and a record low of 4 percent in February of 2008.
What was the highest unemployment rate in 2020?
| State Unemployment rate | New Mexico 8.4% | Washington 8.4% | Louisiana 8.3% |
|---|
What was unemployment rate in 2021?
The unemployment rate declined by 0.2 percentage point to
5.2 percent
in August 2021. The number of unemployed people edged down to 8.4 million, following a large decrease in July 2021. Both measures are down considerably from their highs at the end of the February-April 2020 recession.
What is Australia's unemployment rate 2020?
During 2020 unemployment in Australia spiked to
7.4 percent
at the height of the coronavirus second wave.
Which state has the highest unemployment in Australia?
Tasmania
had the highest unemployment rate among all states in Australia with 7 percent of those eligible to work jobs not in employment.
What is Australia's unemployment rate 2021?
Australia's unemployment rate has dropped by 0.3 percentage points to
4.6 per cent
for the month of July 2021. New data from the Australian Bureau of Statistics (ABS) showed that between June and July the number of Aussies joining the workforce grew by 2000 jobs – but hours worked fell by 0.2 per cent.
What was the US unemployment rate in April 2020?
In April 2020, the unemployment rate reached
14.8%
—the highest rate observed since data collection began in 1948. In July 2021, unemployment remained higher (5.4%) than it had been in February 2020 (3.5%).
What is the highest unemployment rate in US history?
The unemployment rate has varied from as low as 1% during World War I to as high as 25% during the Great Depression. More recently, it reached notable peaks of 10.8% in November 1982 and
14.7% in April 2020
.
What is the unemployment rate in China 2020?
China unemployment rate was at level of
3.8 %
in 2020, up from 3.6 % previous year.
Which country has the lowest employment rate?
| Country Unemployment Rate 2021 Population | Nauru 23.00 % 10,876 | Dominica 23.00% 72,167 | Greece 22.30% 10,370,744 | French Polynesia 21.80% 282,530 |
|---|
What is the average unemployment rate in the world?
| Characteristic Unemployment rate | 2020 6.47% | 2019 5.37% | 2018 5.37% | 2017 5.55% |
|---|
What is Canada's unemployment rate 2020?
The unemployment rate was
7.8%
, as the total number of unemployed Canadians fell by 61,000 (-3.
