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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 ...
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.
This unemployment rate was both the highest rate and largest month-over-month increase in the history of Bureau of Labor Statistics data, which dates back to 1948.
The average unemployment duration in the US climbed to 21 weeks in September, government data shows. ... The housing market, where activity has been suppressed over the last two years, also saw ...
The lowest unemployment rate was in North Dakota at just 2.7%, while New Mexico had the highest unemployment rate at 6.7%. Unemployment rates have recovered dramatically in all the states since ...
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]
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.