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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 ...
Beveridge curve of vacancy rate and unemployment rate data from the United States Bureau of Labor Statistics. A Beveridge curve, or UV curve, is a graphical representation of the relationship between unemployment and the job vacancy rate, the number of unfilled jobs expressed as a proportion of the labour force. It typically has vacancies on ...
The youth unemployment rate was 18.5% in July 2009, the highest rate in that month since 1948. [189] The unemployment rate of young African Americans was 28.2% in May 2013. [190] The unemployment rate reached an all-time high of 14.7% in April 2020 before falling back to 11.1% in June 2020. Due to the effects of the COVID-19 pandemic, Q2 GDP in ...
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In April 2020, 138,000 Austin residents were without a job, reflecting a 12.2 percent unemployment rate; this was the highest unemployment rate recorded in the city since recordkeeping began in 1990; the previous highest was 7.8 percent in July 2009. Nearly half of the job losses between March and April 2020 were from bars, restaurants, and hotels.
The news that the unemployment rate hit a 16-year high, to 7.2% in December, and that 2.6 million jobs were lost in 2008 -- the most since 1945, is bad news that is only going to get worse as 2009 ...
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]