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The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. [2] [1] [3] Long-term effects of the early 1980s recession contributed to the Latin American debt crisis, long-lasting slowdowns in the Caribbean and Sub-Saharan African countries, [3] the US savings and loan crisis, and a general adoption of neoliberal ...
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]
June – The United States enters the severe early 1980s recession, exactly a year after the more minor 1980 recession ended; the unemployment rate is 7.2% June 5 – The Centers for Disease Control and Prevention report that five homosexual men in Los Angeles , California , have a rare form of pneumonia seen only in patients with weakened ...
Dunlap, Riley E., and Angela G. Mertig, eds. American environmentalism: The US environmental movement, 1970–1990 (2014) Ehrman, John. The Eighties: America in the Age of Reagan. (2005) Ferguson Thomas, and Joel Rogers, Right Turn: The Decline of the Democrats and the Future of American Politics (1986). Greene, John Robert. (2nd ed. 2015) excerpt
If either one of those prints is 4.2% or higher for the unemployment rate, the half-a-percent threshold for the Sahm Rule will have been met, according to Yahoo Finance calculations.
The Great Depression was the worst economic crisis in US history. More than 15 million Americans were left jobless and unemployment reached 25%.
Unemployment rates historically are lower for those groups with higher levels of education. For example, in May 2016 the unemployment rate for workers over 25 years of age was 2.5% for college graduates, 5.1% for those with a high school diploma, and 7.1% for those without a high school diploma.
The unemployment rate in August hit its highest level since February 2022, data from the Bureau of Labor Statistics showed Friday. But a jump in the unemployment rate to 3.8% from 3.5% might not ...