Global unemployment rate from 2004 to 2023 (as a share of the total labor force) ×Zoomable Statistic: Select the range in the chart you want to zoom in on. Unemployment rate6.45%6.45%6.37%6.37%6.11%6.11%5.9%5.9%5.94%5.94%6.51%6.51%6.39%6.39%6.24%6.24%6.23%6.23%6.17%6.17%6.02%6.02%...
The model signals the start of a recession when any one of the following three conditions occurs: The short exponential moving average (EMA) of the unemployment rate (UER) rises and crosses the long EMA to the upside, and the difference between the two EMAs is at least 0.07. ...
In other words, the unemployed, the underemployed and the discouraged — a rate that remains stubbornly above prerecession levels. The U-6 rate dipped in September to 10 percent, the one bright spot of the jobs report. The overall trend in the U-6 has been more volatile than the main u...
The current rate marks a vast improvement from the 22.9% rate in April 2020 which was close to the record unemployment rate of 25.6% set in May 1933.23 The chart below shows the discrepancy between the unemployment rate (U-3) and the real unemployment rate (U-6) between 1994 and 2021. ...
Before the coronavirus pandemic, the highest unemployment rate in post-war America, 10.8 percent, was recorded in December 1982, at the trough of a 16-month recession. The highest level of unemployment in recent history was observed in late 2009, shortly after the official end of the Financial...
Singapore’s seasonally adjusted unemployment rate stood at 1.9% in Q4 of 2024, keeping the same pace as in Q3 and remaining at its lowest since Q2 of 2023, a flash estimate showed. Retrenchment increased (3,600 vs 3,050 in Q3) but stayed around non-recession levels. Lay-offs rose in...
These numbers are very revealing. After all, it is not exactly great news if the unemployment rate is lowmerely because workers have given up and dropped out. Which seems to beone of Biden’s big legacies, especially when youcompare the United Statesto other industrialized nations. ...
The last time the unemployment rate was this low was in December 1969, according to the government agency. When you think about it, this chart is remarkable. A decade of sustained declines in the unemployment rate, now well below pre-recession level...and inflation remains below Fed 2% targ...
The decline in output has been higher in current recession compared with those of the early 1980s and 1990s based the Gross Domestic Product (GDP) index. The GDP index can be used to track any future economic recovery. A separate chart shows the changes in the rate of unemployment....
Obviously, the unemployment rate is important as a gauge of joblessness. For this reason, it's also a gauge of the economy's growth rate. The unemployment rate is alagging indicator. This means it measures theeffectof economic events, such as a recession. The unemployment rate doesn't rise...