Why did unemployment spike in 2013
The results imply that in 2013, the higher the minimum wage, the more substantial the increase in the unemployment rate.
In total, 747,700 people were unemployed in 2013 because of high state minimum wages.
The rise in unemployment ranges from 2,600 in Maine to 206,700 in California..
Why was unemployment so high in 2015
The main culprit was a 28,100-strong decline in full-time jobs, while there were estimated to be 15,900 more part-time workers than the previous month. One positive in the report was that the proportion of the population in work or looking for it – the so-called participation rate – remained steady at 64.8 per cent.
What was the unemployment rate in the United States in 2015
5.3 percentDuring 2015, the unemployment rate for the nation as a whole averaged 5.3 percent. In any month, this was the percentage of the labor force who were unemployed.
What was the average unemployment rate in 2019
The U.S. labor market remained strong in 2019, as the unemployment rate fell to 3.5 percent, the lowest rate since 1969.
What was the unemployment rate in the United States in 2016
4.7 percentBoth the number of unemployed people and the unemployment rate were down over the year. Total unemployment declined by 353,000, to 7.6 million, in 2016. The unemployment rate declined to 4.7 percent in the fourth quarter, down by 0.3 percentage point over the year.
What was unemployment in 2015
5.0 percentNational unemployment declined by 1.0 million during the year, to 7.9 million in the fourth quarter of 2015. The decrease was about half that experienced the previous year. The unemployment rate declined by 0.7 percentage point over the year, to 5.0 percent in the fourth quarter of 2015.
What is the current unemployment rate 2020
6.9 percentBureau of Labor Statistics The unemployment rate decreased by 1.0 percentage point to 6.9 percent in October 2020. That was the sixth consecutive month the rate has declined, but it was still nearly twice the February rate of 3.5 percent.
What was the highest unemployment rate in 2008
In 2008, Michigan reported the highest unemployment rate at 8.4 percent. Rhode Island (7.8 percent) and California (7.2 percent) had the next highest rates in 2008. The annual average U.S. jobless rate was 5.8 percent in 2008.
What was black unemployment in 2015
In 2015, the unemployment rate for the United States averaged 5.3 percent. The rate for African Americans was 9.6 percent, but rates varied among the states.
What was the US unemployment rate in 2013
7.4 percentREGIONAL AND STATE UNEMPLOYMENT — 2013 ANNUAL AVERAGES The U.S. jobless rate declined by 0.7 percentage point from the prior year to 7.4 percent, and the national employment-population ratio was unchanged at 58.6 percent.
What is the unemployment rate in the United States in 2020
The seasonally-adjusted national unemployment rate is measured on a monthly basis in the United States. In April 2021, the national unemployment rate was at 6.1 percent….Monthly unemployment rate in the United States from April 2020 to April 2021 (seasonally-adjusted)CharacteristicUnemployment rateApr ‘2014.8%12 more rows•May 10, 2021
What was the US unemployment rate in 2009
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).
What was the US unemployment rate in 2012
8.1 percentBureau of Labor Statistics In August 2012, the unemployment rate edged down to 8.1 percent. Since the beginning of this year, the rate has held in a narrow range of 8.1 to 8.3 percent. The number of unemployed persons, at 12.5 million, was little changed in August.
What was the US unemployment rate in January 2016
4.9 percentTHE EMPLOYMENT SITUATION — JANUARY 2016 Total nonfarm payroll employment rose by 151,000 in January, and the unemployment rate was little changed at 4.9 percent, the U.S. Bureau of Labor Statistics reported today.
What was the unemployment rate at the end of 2014
5.7 percentUnemployment in the United States continued to decline in 2014, with the number of unemployed falling by 1.9 million over the year, to 8.9 million in the fourth quarter. The unemployment rate fell to 5.7 percent by year’s end—1.0 percentage point above the prerecessionary rate of 2007.