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In 2003, prior to the significant expansion of subprime lending of 2004-2006, the unemployment rate was close to 6%. [52] The wider measure of unemployment ("U-6") which includes those employed part-time for economic reasons or marginally attached to the labor force rose from 8.4% pre-crisis to a peak of 17.1% in October 2009.
By CHRISTOPHER S. RUGABER WASHINGTON -Lack of confidence in the economic recovery led employers to shed a more-than-expected 85,000 jobs in December even as the unemployment rate held at 10 percent.
Now, as Congress failed to agree on yet another extension, you are about to find out if less could be better or worse for America. Last night, the vote 2 Million Losing Unemployment Benefits in ...
The U-6 rate rose from 8.8% in December 2007 to a peak of 17.2% in December 2009, before steadily falling to 9.2% in December 2016 and 7.6% in December 2018. [ 42 ] The share of unemployed who have been out of work for 27 or more weeks (i.e., long-term unemployed) averaged approximately 19% pre-crisis; this peaked at 48.1% in April 2010 and ...
Unemployment rate at start of presidency Unemployment rate at end of presidency Change in unemployment rate during presidency (percentage points) Harry S. Truman (data available for 1948–1953 only) Democratic: 1945–1953 3.4% (for January 1948) 2.9% −0.5 (from January 1948 to January 1953) Dwight D. Eisenhower: Republican: 1953–1961 2.9% ...
"Expert" economists predicted that at least 140,000 new jobs would be created in November and that the unemployment rate would hang tight at 9.6 percent (if not be reduced a fraction). So it felt ...
In the Great Depression, GDP fell by 27% (the deepest after demobilization is the recession beginning in December 2007, during which GDP had fallen 5.1% by the second quarter of 2009) and the unemployment rate reached 24.9% (the highest since was the 10.8% rate reached during the 1981–1982 recession). [40]
Americans will have to wait at least another month to hear unambiguously good news regarding job growth in the U.S. The Labor Department announced Friday that the world's largest economy ...