[PDF] 2009 unemployment rate us

In December 2007, the national unemployment rate was 5.0 percent, and it had been at or below that rate for the previous 30 months. 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).
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  • What was the unemployment rate in 2008 and 2009?

    During the 2007–09 recession,3 the unemployment rate more than doubled. (See figure 1.) The rate increased by 5.3 percentage points since November 2007, peaking at 10.0 percent in October 2009, when more than 15 million people were unemployed.

  • When was the highest unemployment rate in US history?

    The highest rate of U.S. unemployment was 24.7% in 1933, during the Great Depression. Unemployment remained above 14% from 1931 to 1940. 1 It remained in the single digits until September 1982 when it reached 10.1%.

  • What caused the 2008 recession?

    Banks stopped lending to each other in fear of being stuck with subprime mortgages as collateral. Foreclosures rose, & the housing bust caused the market to dive and eventually crash in September 2008, ultimately losing more than half its value.
  • Real gross domestic product (GDP) fell 4.3 percent from its peak in 2007Q4 to its trough in 2009Q2, the largest decline in the postwar era (based on data as of October 2013). The unemployment rate, which was 5 percent in December 2007, rose to 9.5 percent in June 2009, and peaked at 10 percent in October 2009.
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