What was unemployment rate in 2008?
What was unemployment rate in 2008?
5.8 percent
The annual average U.S. jobless rate was 5.8 percent in 2008.
What was the unemployment rate for 2015?
National 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 was Australia’s unemployment rate in 2009?
Australia Unemployment Rate 1991-2021
| Australia Unemployment Rate – Historical Data | ||
|---|---|---|
| Year | Unemployment Rate (%) | Annual Change |
| 2010 | 5.21% | -0.35% |
| 2009 | 5.56% | 1.33% |
| 2008 | 4.23% | -0.15% |
What was the unemployment rate in 2015 2016?
Show:
| Date | Value |
|---|---|
| Jan 1, 2017 | 4.70% |
| Jan 1, 2016 | 4.80% |
| Jan 1, 2015 | 5.70% |
| Jan 1, 2014 | 6.60% |
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 October 2009 – more than double is pre-crisis rate. There is an argument to be made, however, that the Great Recession caused an increase in structural unemployment.
Who is most affected by unemployment in Australia?
More people who are unemployed are middle to mature aged (41% of recipients aged 25-44 and 48% over 45) than most people think (Figure 1).
What was the unemployment rate in 2020?
Among other findings, this report shows the following: In April 2020, the unemployment rate reached 14.8%—the highest rate observed since data collection began in 1948. In May 2021, unemployment remained higher (5.8%) than it had been in February 2020 (3.5%).
Which state has the highest unemployment in Australia?
Tasmania
Tasmania had the highest unemployment rate among all states in Australia with 7 percent of those eligible to work jobs not in employment.
What was US unemployment in 2016?
Unemployment rates The unemployment rate (U-3), measured as the number of persons unemployed divided by the civilian labor force, rose from 5.0% in December 2007 to peak at 10.0% in October 2009, before steadily falling to 4.7% by December 2016 and then to 3.5% by December 2019.
How long did it take for the economy to recover from 2008?
Generally, economic recessions don’t last as long as expansions do. Since 1900, the average recession has lasted 15 months while the average expansion has lasted 48 months, Geibel says. The Great Recession of 2008 and 2009, which lasted for 18 months, was the longest period of economic decline since World War II.
What was the unemployment rate in Australia in 2018?
Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Australia unemployment rate for 2018 was 5.39%, a 0.21% decline from 2017.
What was the unemployment rate in Australia in 1978?
Unemployment Rate in Australia averaged 6.80 percent from 1978 until 2021, reaching an all time high of 11.20 percent in December of 1992 and a record low of 4 percent in February of 2008. This page provides – Australia Unemployment Rate at 5.8% in December – actual values, historical data, forecast, chart, statistics, economic calendar and news.
What was the unemployment rate in Australia in 2009?
As shown in table 7, Western Australia had the largest percentage point increase in unemployment rate from February 2009 to May 2009 (up 0.8 percentage points, from 4% to 4.8%), followed by Queensland (up 0.7 percentage points, from 4.6% to 5.2%).
What is the youth unemployment rate in Australia?
The youth unemployment rate decreased 1.1 pts to 12.9% (and increased by 0.5 pts over the year to February 2021) Line chart with 121 data points. The chart has 1 X axis displaying .