What year had the highest unemployment rate?
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What year had the highest unemployment rate?
The unemployment rate has varied from as low as 1\% during World War I to as high as 25\% during the Great Depression. More recently, it reached notable peaks of 10.8\% in November 1982 and 14.7\% in April 2020.
What is the lowest unemployment rate in US history?
The lowest unemployment rate in modern history was 1.2\% in 1944. It may seem counterintuitive to think unemployment can get too low, but it can.
What was the unemployment rate from 2016 to 2020?
This statistic shows the unemployment rate in the United States from 1999 to 2020. In 2020, the unemployment rate among the United States population ranged at approximately 8.31 percent….United States: Unemployment rate from 1999 to 2020.
| Characteristic | Unemployment rate |
|---|---|
| 2017 | 4.36\% |
| 2016 | 4.87\% |
| 2015 | 5.28\% |
| 2014 | 6.17\% |
What was the unemployment rate in 2017?
4.1 percent
The number of unemployed people fell by 989,000 from a year earlier, to 6.6 million in the fourth quarter of 2017. The unemployment rate—the percentage of the labor force that is unemployed—was down by 0.6 percentage point over the year, reaching 4.1 percent at the close of 2017.
What state has the highest unemployment 2021?
Here are the 10 states with the highest unemployment rate: Michigan (5.70\%) Virginia (5.00\%) Kansas (4.90\%)…Unemployment Rate by State 2021.
| State | Unemployment Rate |
|---|---|
| New Hampshire | 4.70\% |
| Alabama | 4.60\% |
| Oklahoma | 4.50\% |
| Iowa | 4.30\% |
Which state has the highest unemployment rate?
Unemployment rate by jurisdiction
| Rank | Rank (50 states) | State federal district or territory |
|---|---|---|
| 1 | — | American Samoa |
| — | — | Northern Mariana Islands |
| 2 | — | Puerto Rico |
| 3 | 1 | Nevada |
What is the predicted unemployment rate for 2021?
According to the economic projections of the Federal Reserve, the unemployment rate in the US will average at 4.5\% by the end of 2021 and pursue its fall in 2022 and 2023, reaching 3.8\% and 3.5\% levels correspondingly.
What has been the highest annual rate of unemployment in the last 10 years?
Unemployment Rate in the United States averaged 5.76 percent from 1948 until 2021, reaching an all time high of 14.80 percent in April of 2020 and a record low of 2.50 percent in May of 1953.
What was the national unemployment rate in January 2017?
4.8 percent
Total nonfarm payroll employment increased by 227,000 in January, and the unemployment rate was little changed at 4.8 percent, the U.S. Bureau of Labor Statistics reported today.
What state is hardest to find jobs?
The states with the highest underemployment rates also tend to have high unemployment rates – indicative of weaker economic conditions.
- California (tied)
- Connecticut (tied)
- Arizona (tied)
- New Mexico (tied)
- Mississippi.
- Louisiana.
- West Virginia.
- Alaska.