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THE EMPLOYMENT SITUATION — OCTOBER 2020 Total nonfarm payroll employment rose by 638,000 in October, and the unemployment rate declined to 6.9 percent, the U.S. Bureau of Labor Statistics reported today.
What is the current unemployment rate in China?
Unemployment was low: their estimate suggests an average of 3.9 percent while the official average was 2.5 percent.
What is the current unemployment rate 2020?
7.9 percentTHE EMPLOYMENT SITUATION — SEPTEMBER 2020 Total nonfarm payroll employment rose by 661,000 in September, and the unemployment rate declined to 7.9 percent, the U.S. Bureau of Labor Statistics reported today.
What is the current US 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.
Why is the US unemployment rate so much lower?
The U.S. unemployment rate is so much lower because the population is so much older. This paper argues that in the absence of the baby boom, the unemploy- ment rate would neither have increased from 1957 to 1979, nor have fallen in the subsequent two decades. The paper also considers other demographic changes.
What is the current unemployment rate in Nigeria?
In 2020, the unemployment rate in Nigeria was at approximately 7.96 percent.
What was the highest unemployment rate during the 2008 recession?
In the fourth quarter of 2008, the unemployment rate rose to 6.9 percent and the unemployment level reached 10.6 million, an increase of 2.1 percentage points and 3.3 million persons, respec- tively, over the fourth quarter of 2007. The current recession has hit the labor market particularly hard.
What was the US unemployment rate in 1999?
4.1 percentBureau of Labor Statistics The U.S. unemployment rate dropped to 4.1 percent in the fourth quarter of 1999—a 30-year low. The rate had been 4.4 percent at the end of 1998. Workers in most major demographic groups benefited from improvements in the job market in 1999.
What was the US unemployment rate in 2009?
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 2010?
9.6 percentThe U.S. jobless rate was 9.6 percent in 2010, and the national employment-population ratio was 58.5 percent.
What's the lowest unemployment rate in US history?
Although the decrease in the number of unemployed people was relatively small by historical standards, the jobless rate fell to its lowest level since 1969, when it was 3.4 percent. In 2019, the unemployment rates declined to 3.5 percent for both men and women.
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