Search results
Results from the WOW.Com Content Network
Unemployment rose to double digits for the first time since 1941 in September 1982, and stood at a postwar high of 10.8% by the end of the year. [11] The total increase in unemployment was 3.6%, which was less than the 1973–75 recession increase of 3.8%, yet still higher than the 2.9% average
Data show that its seeds were sown during the late sixties and began to be reaped in that decade. Between 1968 and 1970 unemployment rose from 3.6% to 4.9% while the CPI inflation rose from 4.7% to 5.6%. [17] [better source needed] Further in the Michigan survey expected inflation rose from 3.8% to 4.9% between 1967 and 1970. The rise in ...
The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. [2] [1] [3] Long-term effects of the early 1980s recession contributed to the Latin American debt crisis, long-lasting slowdowns in the Caribbean and Sub-Saharan African countries, [3] the US savings and loan crisis, and a general adoption of neoliberal ...
The Early ’80s Recession. July 1981. November 1982. 1 year, 4 months ... The Early ’60s Recession. April 1960. February 1961. ... Unemployment will rise, the GDP will shrink and the stock ...
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 ...
The unemployment rate (U-6) is a wider measure of unemployment, which treats additional workers as unemployed (e.g., those employed part-time for economic reasons and certain "marginally attached" workers outside the labor force, who have looked for a job within the last year, but not within the last 4 weeks).
Unemployment reached a peak of 11% in late 1982, after which recovery began. A factor in the recovery from the worst periods of 1982–83 was the radical drop in oil prices due to increased production levels of the mid-1980s , which ended inflationary pressures on fuel prices.
Key factors seen as fuel for this protest were racial tension, due to frequent allegations of police officers racially abusing and using excessive force against black youths in the area, [1] and mass unemployment brought on by the early 1980s recession. Unemployment was at a post-war high across the nation during 1981, but was much higher than ...