Search results
Results From The WOW.Com Content Network
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 .
The unemployment rate often reaches a peak associated with a recession after the recession has officially ended. [39] Until the start of the COVID-19 recession in 2020, no post-World War II era came anywhere near the depth of the Great Depression. In the Great Depression, GDP fell by 27% (the deepest after demobilization is the recession ...
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% ...
Unemployment rates in the United States (1950 - 2005). Background colors and dotted lines show the terms of U.S. presidents and their political party affiliation, to give more historical context. Data source: Bureau of Labor Statistics; Chart created by User:Kmf164 on May 10, 2006. Date: 10 May 2006 (original upload date) Source
This unemployment rate was both the highest rate and largest month-over-month increase in the history of Bureau of Labor Statistics data, which dates back to 1948.
The 1860s were a period of growing protectionism in the United States, while the European free trade phase lasted from 1860 to 1892. The tariff average rate on imports of manufactured goods in 1875 was from 40% to 50% in the United States, against 9% to 12% in continental Europe at the height of free trade. [44]
The lowest unemployment rate was in North Dakota at just 2.7%, while New Mexico had the highest unemployment rate at 6.7%. Unemployment rates have recovered dramatically in all the states since ...
The unemployment rate dipped to 4.1% from 4.2%, also beating expectations. "Given a resilient labor market, we now think the Fed cutting cycle is over," BofA predicted. Economic activity is robust.