what is the unemployment rate history?
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Unemployment Rate in Canada averaged 7.62 percent from 1966 until 2020, reaching an all time high of 13.70 percent in May of 2020 and a record low of 2.90 percent in June of 1966.
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Coronavirus Coverage The national rate was 13.3% in May. Previously, Pennsylvania's highest unemployment rate was 12.7% in 1983, according to federal data that goes back to 1976 under the same methodology. It is a dramatic change from last year, when Pennsylvania's unemployment rate hit a nearly two-decade low of 4.1%.
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The formula for unemployment rate is: Unemployment Rate = Number of Unemployed Persons / Labor Force. The labor force is the sum of unemployed and employed persons. By dividing the number of individuals whom are unemployed by labor force, you'll find the labor force participation, or unemployment rate.
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The unemployment rate is the percent of the labor force of the labor force that is jobless. It is a lagging indicator, meaning that it generally rises or falls in the wake of changing economic conditions, rather than anticipating them.
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Kentucky had the lowest unemployment rate at 4.3%, followed by Utah (5.1%) and Idaho (5.6%). The national unemployment rate was 11.1% in June, down from 13.3% in May, but still significantly higher than last June's unemployment rate of 3.4%.
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Unemployment is measured in order to determine the unemployment rate. The rate is a percentage that is calculated by dividing the number of unemployed individuals by the number of individuals currently employed in the labor force.
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Long-term unemployment refers to people who have been unemployed for 12 months or more. The long-term unemployment rate shows the proportion of these long-term unemployed among all unemployed. ... This indicator is measured as a percentage of unemployed.
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This downward cycle is devastating. The highest rate of U.S. unemployment was 24.9% in 1933, during the Great Depression. 1﻿ Unemployment remained above 14% from 1931 to 1940. It remained in the single digits until September 1982 when it reached 10.1%.
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The unemployment rate is defined as the number of unemployed persons divided by the number of persons in the labor force (not the overall adult population). The Current Population Survey (CPS) conducted by the United States Census Bureau measures the percentage of the labor force that is unemployed.
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Vermont had the lowest unemployment rate in September 2019, at 2.2 percent. The rates in Alabama (3.0 percent), California (4.0 percent), Illinois (3.9 percent), New Jersey (3.1 percent), and South Carolina (2.9 percent) set new series lows. (All state series begin in 1976.)
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Unemployment in December 2008. In December, the number of unemployed persons increased by 632,000 to 11.1 million and the unemployment rate rose to 7.2 percent.
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the estimated unemployment rate for all people fell from 5.5% to 3.9% the estimated unemployment rate for men fell from 5.7% to 4.1% the estimated unemployment rate for women fell from 5.3% to 3.7%
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Ontario's unemployment rate decreased to 5.2% in January from 5.3% in December. The unemployment rate in Ontario has been below 6% since August 2017. Canada's unemployment rate decreased to 5.5% in January from 5.6% in December.
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The national unemployment rate, 3.5 percent, was little changed over the month and from November 2018. Nonfarm payroll employment increased in 6 states in November 2019, decreased in 1, and was essentially unchanged in 43 states and the District of Columbia.
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Remember that the unemployed are those who are out of work and who are actively looking for a job. We can calculate the unemployment rate by dividing the number of unemployed people by the total number in the labor force, then multiplying by 100.
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The U.S. jobless rate was 9.6 percent in 2010, and the national employment-population ratio was 58.5 percent. In 2010, 15 States reported annual average unemployment rates of 10.0 percent or more.
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The unemployment rate is the percentage of unemployment calculated by dividing the number of unemployed individuals by the number of individuals currently employed in the labor force.