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In 2003, prior to the significant expansion of subprime lending of 2004-2006, the unemployment rate was close to 6%. [52] The wider measure of unemployment ("U-6") which includes those employed part-time for economic reasons or marginally attached to the labor force rose from 8.4% pre-crisis to a peak of 17.1% in October 2009.
Unemployment rate at start of presidency Unemployment rate at end of presidency Change in unemployment rate during presidency (percentage points) Harry S. Truman (data available for 1948–1953 only) Democratic: 1945–1953 3.4% (for January 1948) 2.9% −0.5 (from January 1948 to January 1953) Dwight D. Eisenhower: Republican: 1953–1961 2.9% ...
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.
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Pub. L. 111–312 (text), H.R. 4853, 124 Stat. 3296, enacted December 17, 2010), also known as the 2010 Tax Relief Act, was passed by the United States Congress on December 16, 2010, and signed into law by President Barack Obama on December 17, 2010.
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 ...
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 ...
The following is a timeline of the presidency of Barack Obama, from January 1, 2010, to December 31, 2010.For his time as president-elect, see the presidential transition of Barack Obama; for a detailed account of his first months in office, see first 100 days of Barack Obama's presidency; for a complete itinerary of his travels, see list of presidential trips made by Barack Obama.
The unemployment rate is expected to have stayed at 8.1%. [126] Economists expect initiated home building was at an annual rate of 192,000 last month, up from 189,100 in May. [126] July 23, 2010: United Kingdom; The ONS released preliminary figures showing that economic growth had accelerated from 0.3% in Q1 2010 to 1.1% in Q2.