Unemployment rates
The unemployment rate (U-3), measured as the number of persons unemployed divided by the civilian labor force, rose from 5.0% in December 2007 to peak at 10.0% in October 2009, before steadily falling to 4.7% by December 2016 and then to 3.5% by December 2019.
What was the US unemployment rate in 2016?
Unemployment rates
The unemployment rate (U-3), measured as the number of persons unemployed divided by the civilian labor force, rose from 5.0% in December 2007 to peak at 10.0% in October 2009, before steadily falling to 4.7% by December 2016 and then to 3.5% by December 2019.
What was the unemployment rate in 2015?
National unemployment declined by 1.0 million during the year, to 7.9 million in the fourth quarter of 2015. The decrease was about half that experienced the previous year. The unemployment rate declined by 0.7 percentage point over the year, to 5.0 percent in the fourth quarter of 2015.
What was unemployment rate in 2013?
The U.S. labor market continued to improve gradually in 2013 as unemployment declined and employment expanded. In the fourth quarter of the year, 10.8 million people were unemployed and the unemployment rate was 7.0 percent , 0.8 percentage point lower than a year earlier.
What was unemployment rate in 2012?
The seasonally adjusted underemployment rate was 7.2 per cent in November 2012. Combined with the unemployment rate of 5.2 per cent , the latest estimate of total seasonally adjusted labour force underutilisation was 12.5 per cent in November. More details are in the November 2012 issue of Labour Force, Australia (cat.
What was unemployment rate in 2020?
Seasonally adjusted estimates for April 2020: Unemployment rate increased to 6.2% . Participation rate decreased to 63.5%. Employment decreased to 12,418,700.
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 was the unemployment rate at the end of 2014?
Unemployment in the United States continued to decline in 2014, with the number of unemployed falling by 1.9 million over the year, to 8.9 million in the fourth quarter. The unemployment rate fell to 5.7 percent by year's end—1.0 percentage point above the prerecessionary rate of 2007.
What was the average unemployment rate in 2019?
The U.S. labor market remained strong in 2019, as the unemployment rate fell to 3.5 percent , the lowest rate since 1969.
What was the unemployment rate in December 2015?
In December 2015, the national unemployment rate was 5.0 percent , down 0.1 percentage point since the end of the third quarter in September 2015.
Why was unemployment high 2013?
In total, 747,700 people were unemployed in 2013 because of high state minimum wages . The rise in unemployment ranges from 2,600 in Maine to 206,700 in California. Teenage unemployment rates had a similar trend.
What was US unemployment rate in 2008?
The annual average U.S. jobless rate was 5.8 percent in 2008.
What is the real unemployment rate right now?
The real unemployment rate in the U.S. is closer to 10 percent , Federal Reserve Chairman Jerome Powell said Wednesday, after misclassification errors are factored in to the official government figure. The current unemployment rate, as reported by the Bureau of Labor Statistics last week, is 6.3 percent.
What was the highest unemployment rate in 2020?
Among other findings, this report shows the following: In April 2020, the unemployment rate reached 14.8% —the highest rate observed since data collection began in 1948.
Which country has the highest unemployment rate?
In 2017, Burkina Faso had the highest unemployment rate in the world, at 77 percent. This means that for every 100 members of the workforce, 77 did not have jobs at the time of the survey. Of the 20 countries in this statistic, each had a ratio of more than 1 in 4 workers without a job.
What was the US unemployment rate in 2010?
The U.S. jobless rate was 9.6 percent in 2010, and the national employment-population ratio was 58.5 percent.
