Search results
Results from the WOW.Com Content Network
In 1912 there were 1.4 million members of trade unions that paid benefits. This means the unemployment rates for this period are based on a very small section of the UK population at the time (mainly manual workers). The lowest unemployment rate recorded in this period was 1.4% in 1890 and the highest was 10.2% in 1892. [19]
Unemployment was the dominant issue of British society during the interwar years. [1] Unemployment levels rarely dipped below 1,000,000 and reached a peak of more than 3,000,000 in 1933, a figure which represented more than 20% of the working population. The unemployment rate was even higher in areas including South Wales and Liverpool. [1]
Britain's economy remained strong with low unemployment into the 1960s, but towards the end of the decade this growth began to slow and unemployment was rising again. Harold Wilson , the Labour leader who had ended 13 years of Conservative rule with a narrow victory in 1964 before increasing his majority in 1966 , was surprisingly voted out of ...
Thatcher's modernisation of the economy was far from trouble-free; her battle with inflation, which in 1980 had risen to 21.9%, resulted in a substantial increase in unemployment from 5.3% in 1979 to over 10.4% by the start of 1982, peaking at nearly 11.9% in 1984 – a level not seen in Britain since the Great Depression. [73]
The Great Depression of 1929–32 broke out at a time when the United Kingdom was still far from having recovered from the effects of the First World War. Economist Lee Ohanian showed that economic output fell by 25% between 1918 and 1921 and did not recover until the end of the Great Depression, [3] arguing that the United Kingdom suffered a twenty-year great depression beginning in 1918.
Some economists have begun calling it "The Great Stay." On Friday, the Bureau of Labor Statistics is expected to report slower but still steady job growth of 198,000 for February, compared with ...
In 1978, unemployment was high by post-war UK standards with 1.6 million unemployed, between 5 and 6% (though the unemployment rate has remained at or above these levels for most of the UK's subsequent history). The poster's design was a picture of a snaking dole queue [2] outside of an unemployment office.
The U.S. economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel ...