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In September 2019, the U.S. unemployment rate dropped to 3.5%, near the lowest rate in 50 years. [20] On May 8, 2020, the Bureau of Labor Statistics reported that 20.5 million nonfarm jobs were lost and the unemployment rate rose to 14.7 percent in April, due to the Coronavirus pandemic in the United States. [21]
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.
CPS-based measures of unemployment before 1994: U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force; U-2 Job losers, as a percent of the civilian labor force; U-3 Unemployed persons aged 25 and older, as a percent of the civilian labor force aged 25 and older (the unemployment rate for persons 25 and older)
Change in unemployment rate from February 2020 to February 2021: +2.7. ... However, based on the solid trend downwards in the unemployment rate over the past year, the economy seems to be slowly ...
Compared to the prior year, wages rose 4% in November, more than than 3.9% that had been forecast. Meanwhile, the labor force participation rate fell to 62.5% in November, down from 62.6% in October.
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 ...
In the Great Depression, GDP fell by 27% (the deepest after demobilization is the recession beginning in December 2007, during which GDP had fallen 5.1% by the second quarter of 2009) and the unemployment rate reached 24.9% (the highest since was the 10.8% rate reached during the 1981–1982 recession).
The increase triggers the “Sahm rule,” an indicator that a recession is imminent or underway if the three-month moving average of the unemployment rate rises by 0.5 percentage points or more ...