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The historical average unemployment rate (January 1948-September 2020) is 5.8%. [4] The government's broader U-6 unemployment rate, which includes the part-time underemployed was 8.3% in September 2017.
Bank run on the Seamen's Savings Bank during the panic of 1857. There have been as many as 48 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, [1] the consensus view among economists and historians is that "the [cyclical] volatility of GNP and unemployment was greater before the Great ...
Since World War II, the United States economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents. The reasons for this are debated, and the observation applies to economic variables including job creation, GDP growth, stock market returns, personal income growth, and corporate profits.
The news comes as the Federal Reserve seeks to cool inflation. The unemployment rate also changed very little, remaining at 3.9 per cent. ... and the average hourly earnings grew by 3.9 per cent ...
US jobs report crushes expectations as economy adds 254,000 jobs, unemployment rate falls to 4.1% ... an important measure for gauging inflation pressures, rose to 4% year over year, from a 3.9% ...
Unlike every previous post-war expansion, GDP growth remained under 3% for every calendar year. [17] Global growth would peak in 2017, resulting in a major synchronized slowdown that started in 2018. The following year, the unemployment rate fell below 3.5% and a major spike in the repo market occurred
The Labor Department's closely watched employment report on Friday also showed the unemployment rate rising to 3.9% from 3.8% in March amid rising labor supply. ... should help contain inflation ...
Unemployment in the US by State (June 2023) The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication.