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The state has yet to return to its pre-pandemic unemployment rate of about 3.5%, even as it leads the country in new jobs created. However, state economic experts say the unemployment rate is an ...
A rough comparison of September 2014 (when the unemployment rate was 5.9%) versus October 2009 (when the unemployment rate peaked at 10.0%) helps illustrate the analytical challenge. The civilian population increased by roughly 10 million during that time, with the labor force increasing by about 2 million and those not in the labor force ...
June 2009– Feb 2020 128 +1.1% [9] +2.3% [9] The effects of the Great Recession of 2007-2009 continued to be felt for years, with the economy described as a "malaise" as late as 2011. [10] Employment growth remained historically low, and unemployment would not return to pre-recession levels until 2016. [11]
Additionally as of September 2012, the long-term unemployment is the highest it had been since World War II, [84] and the unemployment rate peaked several months after the end of the recession (10.1% in October 2009) and was above 8% until September 2012 (7.8%).
More than half of unemployment insurance recipients whose 2020 earnings dropped by 10% or more received benefits that met or exceeded the amount their earnings decreased.
By October 2009, the unemployment rate had risen to 10.1%. [20] A broader measure of unemployment (taking into account marginally attached workers, those employed part-time for economic reasons, and some (but not all) discouraged workers) was 16.3%. [21] In July 2009, fewer jobs were lost than expected, dipping the unemployment rate from 9.5% ...
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[207] [208] The conservative radio host Lou Dobbs, for example, said in November 2009, "We are now in a 21st-century post-partisan, post-racial society." [209] Two months later, Chris Matthews, an MSNBC host, said of President Obama, "He is post-racial by all appearances. You know, I forgot he was black tonight for an hour."