Question: What Was The Worst Unemployment Rate In US History?

Is US unemployment at an all time low?

After all, the unemployment rate is just 3.7 percent, near its lowest level in almost 50 years.

The Labor Department has a broader monthly statistic that accounts for the dropouts, but it doesn’t get equal billing with the unemployment rate..

What is the current unemployment rate 2020?

6.9 percentThe 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.

What state has the highest unemployment rate 2020?

New Jersey had the highest unemployment rate in October at 10.2%, followed by Hawaii and Nevada at 10.1% each. Nebraska and Vermont had the lowest rate, each at 3.1%.

How bad is unemployment in America?

The American economy plunged deeper into crisis last month, losing 20.5 million jobs as the unemployment rate jumped to 14.7 percent, the worst devastation since the Great Depression. … Areas like leisure and hospitality had the biggest losses in April, but even health care shed more than a million jobs.

What percentage of the US population is unemployed?

How many people are unemployed in the United States right now? It depends who you ask — and what you mean by unemployed. There is the official unemployment rate from the Bureau of Labor Statistics, which was 7.9% as of September. That equates to about 12.6 million people.

How many people are unemployed in the US 2020?

10.74 million unemployed personsIn December 2020, the national unemployment level of the United States stood at about 10.74 million unemployed persons.

What is 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.

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 city has the worst unemployment rate?

Main FindingsOverall RankCityChange in Unemployment (October 2020 vs January 2020)1Lincoln, NE0.36%2South Burlington, VT13.71%3Sioux Falls, SD-8.31%4Omaha, NE1.21%71 more rows•Dec 3, 2020

Which country has most unemployment?

Here are the 10 countries with the highest rates of unemployment:Senegal (48.00%)Haiti (40.60%)Kenya (40.00%)Djibouti (40.00%)Republic Of The Congo (36.00%)Marshall Islands (36.00%)Namibia (34.00%)Kiribati (30.60%)More items…

What US state has the lowest unemployment rate?

NebraskaNebraska and Vermont had the lowest rates, 3.1 percent each. In total, 26 states had jobless rates lower than the U.S. figure of 6.7 percent, 11 states and the District of Columbia had higher rates, and 13 states had rates that were not appreciably different from that of the nation.