us unemployment rate 2009


  • How Unemployment Tracks Recessions

    The unemployment rate is the percentage of unemployed workersin the labor force. It's a key indicator of the health of the country's economy. Unemployment tracks the business cycle. Recessions are part of that cycle and can cause high unemployment. Businesses often lay off workers and, without an income, those jobless workers have less money to spe...

  • How The Us Fights High Unemployment

    The Federal Reserve uses expansionary monetary policy to lower interest rates.3 ?Congress uses fiscal policyto cr-eate jobs and provide extended unemployment benefits. The unemployment rate typically falls during the expansion phase of the business cycle. The lowest unemployment rate in modern history was 1.2% in 1944.4 The Federal Reserve does not...

What is the unemployment rate?

The unemployment rate represents the number of unemployed as a percentage of the labor force.

What are the unemployment rates for the major worker groups?

Among the major worker groups, unemployment rates for adult men (10.5 percent), adult women (7.9 percent), teenagers (26.7 percent), whites (9.3 percent), blacks (15.6 percent), and Hispanics (12.7 percent) showed little change in November.

How does unemployment affect the economy?

The U.S. Bureau of Labor Statistics (BLS) has measured unemployment since the stock market crash of 1929. Gross domestic product (GDP) is the measure of economic output by a country. When the unemployment rate is high, there are fewer workers. That could lead to less economic output and a lower rate of GDP.

When did unemployment go down?

Unemployment remained above 14% from 1931 to 1940. 1 It remained in the single digits until September 1982 when it reached 10.1%. If you’re looking for work after a recession, you’ll likely find the going is still tough. It might take several months before the unemployment rate falls.

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