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December – The unemployment rate ends the year at 9.3%. December 2 – The US House of Representatives passes H.R. 4853 that extends tax cuts for families making under $250,000, but raises taxes on those making over that amount with a 234–188 vote.
The U-6 rate rose from 8.8% in December 2007 to a peak of 17.2% in December 2009, before steadily falling to 9.2% in December 2016 and 7.6% in December 2018. [ 42 ] The share of unemployed who have been out of work for 27 or more weeks (i.e., long-term unemployed) averaged approximately 19% pre-crisis; this peaked at 48.1% in April 2010 and ...
By CHRISTOPHER S. RUGABER WASHINGTON -Lack of confidence in the economic recovery led employers to shed a more-than-expected 85,000 jobs in December even as the unemployment rate held at 10 percent.
October 2010 Canadian unemployment rate: 7.9% [23] November 2010 Canadian unemployment rate: 7.6% [ 26 ] The employment rate has been stabilized between 8.0% and 11.0% for the past two years; signifying the economic strength of Canada's financial institutions compared to its counterparts in the United States.
Extending unemployment benefits beyond the traditional 26 weeks has always been controversial. Now, as Congress failed to agree on yet another extension, you are about to find out if less could be ...
Americans will have to wait at least another month to hear unambiguously good news regarding job growth in the U.S. The Labor Department announced Friday that the world's largest economy ...
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). [40]
The national unemployment rate currently sits at 9.7 percent, down from 10 percent the previous month, but almost double what it was five years ago. This means that 14.8 million of the ...