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Annual rate of change of unemployment rate over presidential terms in office. From President Truman onward, the unemployment rate fell by 0.8% with a Democratic president on average, while it rose 1.1% with a Republican. [27] Job creation is reported monthly and receives significant media attention, as a proxy for the overall health of the economy.
In 2003, prior to the significant expansion of subprime lending of 2004-2006, the unemployment rate was close to 6%. [52] The wider measure of unemployment ("U-6") which includes those employed part-time for economic reasons or marginally attached to the labor force rose from 8.4% pre-crisis to a peak of 17.1% in October 2009.
January – The worst month of the Great Recession sees nearly 800,000 jobs lost; the unemployment rate rises to 7.8%, the highest since June 1992. January 1 – The BART Police shooting of Oscar Grant, an unarmed man, results in protests and several hours of violence in Oakland, California. [1] [2] January 6
The unemployment rate now stands at 9.8 percent, we learned Friday morning and, to quote Claude Raines in Casablanca, the market was shocked -- shocked! -- by the news, at least initially. True ...
The unemployment among Caucasians continues being much lower than those for African-Americans (at 8.5% vs. 15.8% also in 2009). [188] 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 ...
Hawaii is suffering from the worst job market in the United States. Here are the other states in trouble.
An estimated 7.5 million unemployed workers will be left with no benefits in September when key pandemic unemployment programs are set to end.
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]