what year was unemployment the lowest
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Historical Unemployment Rates in the United States Since 1948 General data can be found below: The highest rate for a single month is shared by November and December of 1982 with an unemployment rate of 10.8%. The year with the highest average unemployment rate was 1982 with an average unemployment rate of 9.71%. --. The lowest rate for a single month is shared by May and June of 1953 with an unemployment rate of 2.5%. The year with the lowest average unemployment rate was 1953 with an average unemployment rate of 2.93%.
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Great Recession in the United States The National Bureau of Economic Research (NBER) dates the beginning of the recession as December 2007. According to the Department of Labor, roughly 8.7 million jobs were shed from February 2008 to February 2010, and GDP contracted by 5.1%, making the Great Recession the worst since the Great Depression. Unemployment rose from 4.7% in November 2007 to peak at 10% in October of 2009.
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Great Depression in the United States The economy reached bottom in the winter of 1932–33; then came four years of very rapid growth until 1937, when the Recession of 1937 brought back 1934 levels of unemployment. USA annual real GDP 1910–60, with the years of the Great Depression (1929–1939) highlighted. Unemployment rate in the US 1910–1960, with the years of the Great Depression (1929–1939) highlighted.
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- In 2014, Williams County, North Dakota had the lowest percentage of unemployed people of any county or census area in the United States, at 1.2 percent, while Wade Hampton Census Area, Alaska had the highest, at 23.7 percent.
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Ecuador The teenage unemployment rate had not been this low since the early 1970s. The unemployment rate for whites ended the year at a three-decade low of 3.5 percent. For Hispanics, the unemployment rate reached a record low of 6.1 percent at the end of 1999.he teenage unemployment rate had not been this low since the early 1970s. The unemployment rate for whites ended the year at a three-decade low of 3.5 percent. For Hispanics, the unemployment rate reached a record low of 6.1 percent at the end of 1999.
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Netherlands: unemployment rate 2016-2018 Unemployment rate in the Netherlands from January 2016 to February 2017 (as share of the labor force) About This Statistic. This statistic displays the unemployment rate in the Netherlands from January 2016 to February 2017 (as share of the labor force). It shows that in January 2017, the unemployment rate was 6.6 percent.
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- The number of Americans filing initial applications for unemployment benefits fell to a 42-year low last week in the latest sign the labor market is poised for further gains. First-time claims for the week ending July 18 dropped by 26,000 to 255,000, the lowest level since 1973, the Labor Department said Thursday.
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Unemployment Statistics For The Great Depression In 1933, at the worst point in the Great Depression years, unemployment rates in the United States reached almost 25%, with more than 11 million people looking for work.Click here for more facts and statistics about unemployment during the Great Depression.n 1933, at the worst point in the Great Depression years, unemployment rates in the United States reached almost 25%, with more than 11 million people looking for work.
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Worst year for jobs since '45 A sobering U.S. Labor Department jobs report Friday showed the economy lost 524,000 jobs in December and 1.9 million in the year's final four months, after the credit crisis began in September. The unemployment rate rose to 7.2% last month from 6.7% in November - its highest rate since January 1993.
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Chart Book: The Legacy of the Great Recession The worst previous episode was in the early 1980s, when the long-term unemployment share peaked at 26.0 percent and the long-term unemployment rate peaked at 2.6 percent. Moreover, in the earlier episode, a year after peaking at 2.6 percent, the long-term unemployment rate had dropped to 1.4 percent. It took six years from the end of the Great Recession to reach that rate, which it did last June. That rate has fallen little since and was 1.3 percent in July.
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- Between 1990 and 1997, unemployment rose in the three selected transition economies and was consistently above more well-established, market-based economies like the UK. Of course, the global recession of 1990 - 92 accounts for some of the rising unemployment over that period.
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Unemployment in the United States Unemployment has declined by 0.9 percentage points since last April, when the unemployment rate was 6.3 percent. Approximately 223,000 jobs were created in April, above the monthly average of 191,000 jobs added in the last three months.
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- The unemployment rate rose higher and remained higher longer than in any other western society. European countries significantly reduced unemployment by 1936. However, the American jobless rate still exceeded 17 percent as late as 1939, when World War II began in Europe. It did not drop below 14 percent until 1941.
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The Recession of 2007â2009 One of the most widely recognized indicators of a recession is higher unemployment rates. In December 2007, the national unemployment rate was 5.0 percent, and it had been at or below that rate for the previous 30 months. At the end of the recession, in June 2009, it was 9.5 percent. In the months after the recession, the unemployment rate peaked at 10.0 percent (in October 2009).
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Unemployment in Britain Meanwhile the depression of the early 1930s was a disaster for Germany. While unemployment was 1.4 million or 8.4% of the workforce in 1928 it rose to 4.8 million in 1931. By 1932 it was 6 million or about 33% of the workforce in Germany. The Nazis managed to eliminate unemployment in Germany.
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Nixon's Colossal Monetary Error: The Verdict 40 Years Later Since Nixon killed the gold standard, the unemployment rate has averaged over 6% and we have suffered the three worst recessions since the end of World War II. The unemployment rate averaged 8.5% in 1975, almost 10% in 1982, and has been above 8.8% for more than two years, with little evidence of any improvement ahead.
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Washington Unemployment Wisconsin Unemployment. According to the BLS current population survey (CPS) , the unemployment rate for Wisconsin fell 0.1 percentage points in August 2015 to 4.5% . The state unemployment rate was 0.6 percentage points lower than the national rate for the month. The unemployment rate in Wisconsin peaked in December 2009 at 9.2% and is now 4.7 percentage points lower. From a post peak low of 4.4% in April 2015, the unemployment rate has now grown by 0.1 percentage points.
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Chart Book: The Legacy of the Great Recession Technically, the recession that began in December 2007 ended in June 2009 as the economy began growing again, but the unemployment rate did not fall to 5.0 percent, where it was at the start of the recession, until late 2015.
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Donald Trump: Black income, unemployment 'worse now than just about ever' In all, since May 1974, black unemployment was higher than today’s rate in 328 months, and lower than today’s rate in 87 months. So it’s been higher than today 79 percent of the time since May 1974. So Trump's point here is wrong.
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- By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country’s banks had failed. 1  Play video Franklin D. Roosevelt. 2  Play video Franklin D. Roosevelt Creates Social Security. 3  Play video A Warm Roosevelt Welcome.
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Worst year for jobs since '45 The total number of unemployed Americans rose by 632,000 to 11.1 million. November, in which 584,000 jobs were lost, and December marked the first time in the 70-year history of the report in which the economy lost more than 500,000 jobs in consecutive months. We have a bigger economy now, but even on a proportional basis, the last months have been the worst since [1945], said Kurt Karl, head of economic research at Swiss Re.
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- Confidence votes 6. The unemployment rate for the years 1923-29 was 3.3 percent. In 1931 it jumped to 15.9, in 1933 it was 24.9 percent. According to the Census, unemployment had dropped under 10% by 1941, and appears to have decreased to approximately 7% by the end of 1941.If unemployment were calculated the same way then as now that actual unemployment during the Depression would have been significantly lower, especially once the New Deal came in.he unemployment rates were so high during 1931-1935 because barely  any one had jobs due to the fact that businesses were closing  because their stocks were worth nothing s … ince the banks went  bankrupt. 5 people found this useful.
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United States Unemployment Rate 1948-2018 | Data | Chart | Calendar Unemployment Rate in the United States averaged 5.83 percent from 1948 until 2015, reaching an all time high of 10.80 percent in November of 1982 and a record low of 2.50 percent in May of 1953.948 - 2015. percent. Monthly. In the United States, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
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Hawaii Unemployment Hawaii Unemployment. According to the BLS current population survey (CPS), the unemployment rate for Hawaii fell 0.0 percentage points in February 2017 to 2.8%. The state unemployment rate was 1.9 percentage points lower than the national rate for the month. The unemployment rate in Hawaii peaked in May 2009 at 7.3% and is now 4.5 percentage points lower. From a post peak low of 2.8% in January 2017, the unemployment rate has now grown by 0.0 percentage points.
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The Recession of 2007â2009 One of the most widely recognized indicators of a recession is higher unemployment. rates. In December 2007, the national unemployment rate was 5.0 percent, and it had. been at or below that rate for the previous 30 months. At the end of the recession, in. June 2009, it was 9.5 percent. In the months after the recession, the unemployment. rate peaked at 10.0 percent (in October 2009). Before this, the most recent months. with unemployment rates over 10.0 percent were September 1982 through June. 1983, during which time the unemployment rate peaked at 10.8 percent.
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- The unemployment rate was 9.5% when the economy emerged from the 11 th postwar recession in June 2009. It climbed further to peak at 10.0% in October 2009. The rate has slowly declined since then. Although it dropped below 8% in the fourth quarter of 2012, the unemployment rate remains high by historical standards.n that case, it took only eight months for the unemployment rate to fall more than one percentage point (to a still high 9.4%). A debate recently broke out over the applicability of Okun’s law to changes in economic growth and the unemployment rate.