Question: What Is The US Unemployment Rate Right Now?

Which country has the highest employment rate in the world?

ListCountryEmployment rate (%)SourceIceland83.8OECDSwitzerland80.5OECDNetherlands78.2OECDJapan77.6OECD51 more rows.

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 working?

60.8 percentThe employment-population ratio represents the proportion of the civilian non-institutional population that is employed. In 2019, the U.S. employment rate stood at 60.8 percent.

What was the US unemployment rate in May 2020?

13%Most recently, the Bureau of Labor Statistics (BLS) reported that the U.S. unemployment rate stood at 13% in May 2020, nonseasonally adjusted. At the same time, the bureau noted that the rate may have been as high as 16% if not for an error in the classification of the employment status of certain workers.

Are we in a recession?

The U.S. is officially experiencing an economic recession, according to a Monday statement from private non-profit research organization National Bureau of Economic Research. … “Covid-19 has already exacted an immense impact on the economy.”

Is US unemployment at an all time low?

The household survey finds that the unemployment rate fell to 3.5 percent in September, marking the 19th consecutive month at or below 4 percent unemployment. The unemployment rate is the lowest it has been since May 1969—over 50 years ago. All Americans are benefiting from the labor market’s continued improvement.

Why was unemployment so high in 1982?

July 1981–November 1982. Lasting from July 1981 to November 1982, this economic downturn was triggered by tight monetary policy in an effort to fight mounting inflation. … Indeed, the nearly 11 percent unemployment rate reached late in 1982 remains the apex of the post-World War II era (Federal Reserve Bank of St.

What was the US unemployment rate in April 2020?

14.7 percentThe unemployment rate in April 2020 increased by 10.3 percentage points to 14.7 percent. This is the highest rate and the largest over-the-month increase in the history of the data (available back to January 1948). The number of unemployed persons rose by 15.9 million to 23.1 million in April.

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 is the current employment rate in the US?

Total nonfarm payroll employment declined by 140,000 in December, and the unemployment rate was unchanged at 6.7 percent….IndustryTotal nonfarm3-month net change8503-month 90-percent confidence interval173.26-month net change4,8156-month 90-percent confidence interval244.718 more columns

How many US citizens are unemployed?

12.6 million peopleHow 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.

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%.

What is the current unemployment rate March 2020?

4.5 percentU.S. unemployment rate: 4.5 percent, March 2020.

What is the highest unemployment rate in US history?

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%. 2 During the Great Recession, unemployment reached 10% in October 2009.