| Characteristic Unemployment rate | '17 4.4% | '16 4.9% | '15 5.3% | '14 6.2% |
|---|
What was the US unemployment rate in 2014?
| Characteristic Unemployment rate | '17 4.4% | '16 4.9% | '15 5.3% | '14 6.2% |
|---|
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 US unemployment rate in 2008?
The annual average U.S. jobless rate was 5.8 percent in 2008.
What was the US unemployment rate in 2017?
The unemployment rate—the percentage of the labor force that is unemployed—was down by 0.6 percentage point over the year, reaching 4.1 percent at the close of 2017.
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 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 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 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.
What is the lowest rate of unemployment in the past five years?
The national unemployment rate fell by 0.3 percentage point over the year, to 3.5 percent , the lowest jobless rate since 1969.
What was highest unemployment rate in US history?
Unemployment Rate in the United States averaged 5.77 percent from 1948 until 2021, reaching an all time high of 14.80 percent in April of 2020 and a record low of 2.50 percent in May of 1953.
Why was unemployment so high in 2008?
The collapse of the housing bubble in 2007 and 2008 caused a deep recession , which sent the unemployment rate to 10.0% in October 2009—more than double its pre-crisis rate. ... There is an argument to be made, however, that the Great Recession caused an increase in structural unemployment.
How long did it take to recover from 2008 recession?
According to the U.S. National Bureau of Economic Research (the official arbiter of U.S. recessions) the recession began in December 2007 and ended in June 2009, and thus extended over eighteen months .
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.
What was the average unemployment rate in 2018?
In the fourth quarter of 2018, the jobless rate was 3.8 percent —the same rate recorded in the third quarter of 2018. This unemployment rate was the lowest since the fourth quarter of 1969. The number of unemployed people was down by 472,000 over the year to 6.1 million in the fourth quarter.
