Unless otherwise stated, the unemployment rate is for December of that year. Unemployment rates for the years 1929 through 1947 were calculated from a different BLS source due to current BLS data only going back to 1948.21 GDP is the annual rate and inflation is for December of that year ...
As can be seen from the given illustration, the unemployment rate in the USA was just over 7% in March 1993 while it was less than 2.5% in Japan. However, this rate kept on decreasing in the USA while it went up in Japan. In two years, the percentage of jobless Americans fa...
Long before Barack Obama was a candidate for President of the United States, he took time to chastise the nation about the tyranny of the infographic that divided the nation. Obama used the occasion of his endorsement of John Kerry’s nomination at the Democratic convention in Chicago to remind...
However, the unemployment rate for African Americans rose 0.3 percentage points to 5.9%. For the year, payrolls increased by 2.1 million, an average of 176,000 a month, the slowest year for job creation since 2011 — three years after the start of the financial crisis — and down ...
When you are trying to gauge an accurate US inflation forecast for the next 5 years, it’s important to consider key economic indicators. Jobs Data The unemployment rate was unchanged at 4.1% in October 2024, while the actual number of people out of work was around seven million, according...
In March 1993, the proportion of unemployment in the US was a bit off 7% whereas that of Japan was about 2.5%. It was marked in 1998 when Japan’s rate reached the highest point of approximately 5.2%. The contradiction happened to the US: its rate went to the lowest of 4.8%. ...
The unemployment rate fell last month to 10.2%, still higher than any point during the financial crisis of 2008-2009. That was also when the federal government set the record for an annual deficit, hitting $1.4 trillion in 2009 as it tried to dig the country out of recession. The U.S....
the number to drop along with unemployment.Political pundits on both sides of the aisle rushed to put their stamp on the news, with Democrats blaming the trend on failed economic policies and Republicans pointing out that some regions and groups improved.While the overall poverty numbers went up...
unemployment rate remains at a historically low 4.1% as of October. Meanwhile, Consumer Price Index (CPI) inflation stood at 2.4% y/y in September while the Fed’s favored inflation gauge, the deflator for the personal consumption expenditures, rose 2.4% y/y, just ahead of the ...
Peak unemployment rate: What was the maximum proportion of the workforce left jobless? Reasons and causes: What unique historical circumstances contributed to the recession? Source: NBER. The Own Goal Recession: May 1937–June 1938 Duration: 13 months GDP decline: 10%5 Peak unemployment rate: ...