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However, unemployment reached 12.5% of the workforce by January 1982, a level that had not been seen for some 50 years. The unemployment rate remained similarly high for a number of years afterwards. Northern Ireland was the hardest-hit region, with unemployment standing at nearly 20%. The rate exceeded 15% in much of Scotland and Northern ...
US unemployment rate, 1973–1993. The United States entered recession in January 1980 and returned to growth six months later in July 1980. [1] Although recovery took hold, the unemployment rate remained unchanged through the start of a second recession in July 1981. [2] The downturn ended 16 months later, in November 1982. [1]
November – The unemployment rate peaks at 10.8%. November 2 – United States elections, 1982. The Republican Party loses 27 seats to the majority Democratic Party in the House. November 3 – The Dow Jones Industrial Average surges 43.41 points, or 4.25%, to close at 1,065.49, its first all-time high in more than 9 years. It last hit a ...
The previous record for unemployment claims in one week was only about one fifth as high, at 695,000 claims in 1982. [33] ... The unemployment rate (U-6) is a wider ...
US unemployment rate, 1973–1993. By early 1982, Reagan's economic program was beset with difficulties as the recession that had begun in 1979 continued. In the short term, the effect of Reaganomics was a soaring budget deficit.
Rates fell sharply to a target range of 13-14 percent on Nov. 2, 1981, then back up to 15 percent in the first four months of 1982, then back down to 11.5-12 percent on July 20, 1982, records of ...
Here's a state-by-state look at April unemployment rates compared with previous highs. The COVID-19 pandemic has brought initial unemployment claims to 38.6 million in just nine weeks, according ...
The unemployment rate is at a modest 4.2%, though that is up from a half century low 3.4% reached in 2023. To fight inflation that hit four-decade highs two and a half years ago, the Federal ...