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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.
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
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.
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. ... Unemployment in the US Now ...
WASHINGTON (Reuters) - U.S. job growth slowed more than expected in April and the increase in annual wages fell below 4.0% for the first time in nearly three years, but it is probably too early to ...
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.
The US jobs market is tighter than a pair of skinny jeans. Only 3.7% of people in the labor force were out of work in September. That’s the lowest unemployment rate since 1969. Meanwhile, the ...
The 1860s were a period of growing protectionism in the United States, while the European free trade phase lasted from 1860 to 1892. The tariff average rate on imports of manufactured goods in 1875 was from 40% to 50% in the United States, against 9% to 12% in continental Europe at the height of free trade. [44]