What was the unemployment number in 2008?
The annual average U.S. jobless rate was 5.8 percent in 2008.
What was the unemployment rate at the end of 2008?
7.2%
Unemployment rate rises to 7.2%. NEW YORK (CNNMoney.com) — The hemorrhaging of American jobs accelerated at a record pace at the end of 2008, bringing the year’s total job losses to 2.6 million or the highest level in more than six decades.
What was the December unemployment rate?
3.9%
Today, the Bureau of Labor Statistics reported the American economy added 199,000 jobs in the month of December, and the unemployment rate was 3.9%, down from 4.2% in November.
What was the unemployment rate at the end of December 2016?
Unemployment rates The U-6 rate rose from 8.8% in December 2007 to a peak of 17.1% in November 2009, before steadily falling to 9.2% in December 2016 and 7.6% in December 2018.
What is the unemployment rate now?
Current Unemployment Rates for States and Historical Highs/Lows
| State | December 2021(p) rate | Historical High |
|---|---|---|
| Rate | ||
| California | 6.5 | 16.0 |
| Colorado | 4.8 | 12.1 |
| Connecticut | 5.8 | 11.4 |
Why was unemployment so high in 2008?
The collapse of the housing bubble in 2007 and 2008 caused a deep recession, which sent the unemployment rate to 10.0% in Oct. 2009—more than double its pre-crisis rate. There is an argument to be made, however, that the Great Recession caused an increase in structural unemployment.
What was the unemployment rate in December 2020?
Unemployment Rate Falls to 3.9%, Job Gain of 199,000 in December.
What was the unemployment rate in December 2008?
Unemployment in December 2008. January 13, 2009. In December, the number of unemployed persons increased by 632,000 to 11.1 million and the unemployment rate rose to 7.2 percent. Since the start of the recession in December 2007, the number of unemployed persons has grown by 3.6 million, and the unemployment rate has risen by 2.3 percentage points.
How has the unemployment rate changed since the recession began?
Since the start of the recession in December 2007, the number of unemployed persons has grown by 3.6 million, and the unemployment rate has risen by 2.3 percentage points. Among the unemployed, the number of job losers and persons who completed temporary jobs rose over the month by 315,000 to 6.5 million in December 2008.
What was the unemployment rate in the United States in 2009?
US Unemployment Rate by Year Date Rate Value Jan 1, 2009 7.80% Jan 1, 2008 5.00% Jan 1, 2007 4.60% Jan 1, 2006 4.70%
How many people are unemployed in the United States?
In December, the number of unemployed persons increased by 632,000 to 11.1 million and the unemployment rate rose to 7.2 percent. Since the start of the recession in December 2007, the number of unemployed persons has grown by 3.6 million, and the unemployment rate has risen by 2.3 percentage points.