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The rate was the highest of any month since the BLS began tracking in 1948. According to BLS statistics, the unemployment rate was at 3.5% in Feb 2020, a month prior to the pandemic's start in the ...
The unemployment rate was at 3.5% in February 2020 compared to 6.4% when Trump left office in January 2021, according to Bureau of Labor Statistics data. - Brad Sylvester
The BLS uses the data to publish reports early each month called the Employment Situation. [2] This report provides estimates of the unemployment rate and the numbers of employed and unemployed people in the United States based on the CPS. A readable Employment Situation Summary [3] is provided monthly. Annual estimates include employment and ...
The U.S. Bureau of Labor Statistics (BLS) publishes a monthly "Employment Situation Summary" with key statistics and commentary. [10] As of June 2018, approximately 128.6 million people in the United States have found full-time work (at least 35 hours a week in total), while 27.0 million worked part-time. [11]
The 128-month (10.7-year) economic expansion that began in June 2009 abruptly ended at a peak in February 2020, with the U.S. entering a recession due to the COVID-19 pandemic. [12] The U.S. unemployment rate, which had hit a 50-year low (3.5%) in February 2020, hit a 90-year high (14.7%) just two months later, matching Great Depression levels.
The unemployment rate peaked at 14.8% in April 2020 when Trump was in office – that was indeed the highest level since the Great Depression, according to the Bureau of Labor Statistics ...
It is useful in real-time evaluation of the business cycle and relies on monthly unemployment data from the Bureau of Labor Statistics (BLS). It is named after economist Claudia Sahm, formerly of the Federal Reserve and Council of Economic Advisors. The Sahm rule states: [2]
After months of job growth and tight labor conditions, the latest employment data suggests the U.S. economy may finally be slowing down. The economy added just 236,000 new nonfarm payroll jobs in ...