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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 ...
The following year, the unemployment rate fell below 3.5% and a major spike in the repo market occurred, prompting fears of a recession. The expansion would end in March 2020 due to the novel coronavirus which caused a pandemic that resulted in the 2020 stock market crash. [18] April 2020- Ongoing: TBD: TBD: TBD
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.
In February 2020, at the start of the COVID-19 pandemic in the United States, there were 164.6 million civilians in the labor force. [2] Before the pandemic, the U.S. labor force had risen each year since 1960 with the exception of the period following the Great Recession, when it remained below 2008 levels from 2009 to 2011. [2]
In April 2010, the US unemployment rate was 9.9%, but the government's broader U-6 unemployment rate was 17.1%. [175] In April 2012, the unemployment rate was 4.6% in Japan. [176] In a 2012 story, the Financial Post reported, "Nearly 75 million youth are unemployed around the world, an increase of more than 4 million since 2007. In the European ...
The unemployment rate peaked at 10.0% in October 2009 and did not return to its pre-recession level of 4.7% until May 2016. [98] A key dynamic slowing the recovery was that both individuals and businesses paid down debts for several years, as opposed to borrowing and spending or investing as had historically been the case.
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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