With the collapse of the U.S. housing market and the subsequent financial crisis on Wall Street in 2007 and 2008, economies across the globe began to enter into deep recessions. What had started out as a crisis centered on the United States quickly became global in nature, as it became apparent that not only had the economies of other advanced countries (grouped together as the G7) become intimately tied to the U.S. financial system, but that many of them had experienced housing and asset price bubbles similar to that in the U.S.. The United Kingdom had experienced a huge inflation of housing prices since the 1990s, while Eurozone members (such as Germany, France and Italy) had financial sectors which had become involved in reckless lending to economies on the periphery of the EU, such as Greece, Ireland and Portugal. Other countries, such as Japan, were hit heavily due their export-led growth models which suffered from the decline in international trade. Unemployment during the Great Recession As business and consumer confidence crashed, credit markets froze, and international trade contracted, the unemployment rate in the most advanced economies shot up. While four to five percent is generally considered to be a healthy unemployment rate, nearing full employment in the economy (when any remaining unemployment is not related to a lack of consumer demand), many of these countries experienced rates at least double that, with unemployment in the United States peaking at almost 10 percent in 2010. In large countries, unemployment rates of this level meant millions or tens of millions of people being out of work, which led to political pressures to stimulate economies and create jobs. By 2012, many of these countries were seeing declining unemployment rates, however, in France and Italy rates of joblessness continued to increase as the Euro crisis took hold. These countries suffered from having a monetary policy which was too tight for their economies (due to the ECB controlling interest rates) and fiscal policy which was constrained by EU debt rules. Left with the option of deregulating their labor markets and pursuing austerity policies, their unemployment rates remained over 10 percent well into the 2010s. Differences in labor markets The differences in unemployment rates at the peak of the crisis (2009-2010) reflect not only the differences in how economies were affected by the downturn, but also the differing labor market institutions and programs in the various countries. Countries with more 'liberalized' labor markets, such as the United States and United Kingdom experienced sharp jumps in their unemployment rate due to the ease at which employers can lay off workers in these countries. When the crisis subsided in these countries, however, their unemployment rates quickly began to drop below those of the other countries, due to their more dynamic labor markets which make it easier to hire workers when the economy is doing well. On the other hand, countries with more 'coordinated' labor market institutions, such as Germany and Japan, experiences lower rates of unemployment during the crisis, as programs such as short-time work, job sharing, and wage restraint agreements were used to keep workers in their jobs. While these countries are less likely to experience spikes in unemployment during crises, the highly regulated nature of their labor markets mean that they are slower to add jobs during periods of economic prosperity.

In 1990, the unemployment rate of the United States stood at 5.6 percent. Since then there have been many significant fluctuations to this number - the 2008 financial crisis left millions of people without work, as did the COVID-19 pandemic. By the end of 2022 and throughout 2023, the unemployment rate came to 3.6 percent, the lowest rate seen for decades. However, 2024 saw an increase up to four percent. For monthly updates on unemployment in the United States visit either the monthly national unemployment rate here, or the monthly state unemployment rate here. Both are seasonally adjusted. UnemploymentUnemployment is defined as a situation when an employed person is laid off, fired or quits his work and is still actively looking for a job. Unemployment can be found even in the healthiest economies, and many economists consider an unemployment rate at or below five percent to mean there is 'full employment' within an economy. If former employed persons go back to school or leave the job to take care of children they are no longer part of the active labor force and therefore not counted among the unemployed. Unemployment can also be the effect of events that are not part of the normal dynamics of an economy. Layoffs can be the result of technological progress, for example when robots replace workers in automobile production. Sometimes unemployment is caused by job outsourcing, due to the fact that employers often search for cheap labor around the globe and not only domestically. In 2022, the tech sector in the U.S. experienced significant lay-offs amid growing economic uncertainty. In the fourth quarter of 2022, more than 70,000 workers were laid off, despite low unemployment nationwide. The unemployment rate in the United States varies from state to state. In 2021, California had the highest number of unemployed persons with 1.38 million out of work.

The underemployment rate, the percent of employed people who are working part-time but prefer to be working full-time, moves closely with the unemployment rate, rising during recessions and falling during expansions. Following the Great Recession, the underemployment rate had stayed persistently elevated when compared to the unemployment rate, that is, until the COVID-19 recession. Since then, it has been consistent with its pre-2008 levels. We find that changes in relative industry size account for essentially none of the underemployment rate increase after the Great Recession nor the underemployment rate decrease after the COVID-19 recession. Based on this finding, we do not expect the underemployment rate to revert to its pre-COVID-19 levels if industry composition reverts to its pre-COVID-19 structure.

Unemployment Rate in the United States increased to 4.40 percent in September from 4.30 percent in August of 2025. This dataset provides the latest reported value for - United States Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2025, it was estimated that over 163 million Americans were in some form of employment, while 4.16 percent of the total workforce was unemployed. This was the lowest unemployment rate since the 1950s, although these figures are expected to rise in 2023 and beyond. 1980s-2010s Since the 1980s, the total United States labor force has generally risen as the population has grown, however, the annual average unemployment rate has fluctuated significantly, usually increasing in times of crisis, before falling more slowly during periods of recovery and economic stability. For example, unemployment peaked at 9.7 percent during the early 1980s recession, which was largely caused by the ripple effects of the Iranian Revolution on global oil prices and inflation. Other notable spikes came during the early 1990s; again, largely due to inflation caused by another oil shock, and during the early 2000s recession. The Great Recession then saw the U.S. unemployment rate soar to 9.6 percent, following the collapse of the U.S. housing market and its impact on the banking sector, and it was not until 2016 that unemployment returned to pre-recession levels. 2020s 2019 had marked a decade-long low in unemployment, before the economic impact of the Covid-19 pandemic saw the sharpest year-on-year increase in unemployment since the Great Depression, and the total number of workers fell by almost 10 million people. Despite the continuation of the pandemic in the years that followed, alongside the associated supply-chain issues and onset of the inflation crisis, unemployment reached just 3.67 percent in 2022 - current projections are for this figure to rise in 2023 and the years that follow, although these forecasts are subject to change if recent years are anything to go by.

The unemployment rate in fiscal year 2204 rose to 3.9 percent. The unemployment rate of the United States which has been steadily decreasing since the 2008 financial crisis, spiked to 8.1 percent in 2020 due to the COVID-19 pandemic. The annual unemployment rate of the U.S. since 1990 can be found here. Falling unemployment The unemployment rate, or the part of the U.S. labor force that is without a job, fell again in 2022 after peaking at 8.1 percent in 2020 - a rate that has not been seen since the years following the 2008 financial crisis. The financial crash caused unemployment in the U.S. to soar from 4.6 percent in 2007 to 9.6 percent in 2010. Since 2010, the unemployment rate had been steadily falling, meaning that more and more people are finding work, whether that be through full-time employment or part-time employment. However, the affects of the COVID-19 pandemic created a spike in unemployment across the country. U.S. unemployment in comparison Compared to unemployment rates in the European Union, U.S. unemployment is relatively low. Greece was hit particularly hard by the 2008 financial crisis and faced a government debt crisis that sent the Greek economy into a tailspin. Due to this crisis, and the added impact of the pandemic, Greece still has the highest unemployment rate in the European Union.

Countries with flexible institutions and labor market policies, like the U.S., experienced increases in unemployment over the course of the Great Recession, while those with relatively rigid institutions and strict labor market policies fared better.

In 2010, unemployment rate in France reached a record level of 10.4 percent. Unemployment remains a rampant issue for French economy, being stagnant year-over-year since the financial and economical crisis in 2008. During the first quarter of 2018, more than 1.4 million people aged between 25 and 49 years were unemployed in France.

Change in unemployment since 2008

In 2008, year of the financial crisis, unemployment rate in France reached its lowest level since 2004. That year, France had an unemployment rate of 7.4 percent while, one year before it had reached 8 eight percent. Unemployment is an important economic factor for a country and a measure of a region’s economic health. Despite its low level in 2008, unemployment rate in France increased steadily between 2009 and 2016. In 2015, it even reached its highest level since the mid-2000s with a percentage of unemployed people among the French population which was of 10.4 percent. That year, unemployed people represented 11.5 percent of the urban population in France. However, French unemployment rate seemed to be experiencing improvements in recent years. In 2017, long-term employment rate decreased after several years of constant growth.

Unemployment in France and the EU

European markets were particularly affected by the 2008 global financial crisis and the recession which followed. Nevertheless, Unemployment rate in the EU reached 6.5 percent in January 2019, compared to 7.2 percent one year before and the number of unemployed persons in the European Union and the Euro area is declining since 2018. This improvement seems to be affecting France to a lesser extent. France was one of the EU members with the highest unemployment rate in 2019, and youth unemployment still reaches a record number in the country.

Graph and download economic data for Unemployment Rate in Pennsylvania (PAUR) from Jan 1976 to Aug 2025 about PA, unemployment, rate, and USA.

The PWSD is a dataset that can be used to answer questions about various public workforce system programs and how these programs fit in with the overall public workforce system and the economy. It was designed primarily to be used as a tool to understand what has been occurring in the Wagner-Peyser program and contains data from quarter 1 of 1995 through quarter 4 of 2008. Also, it was designed to understand the relationship and flow of participants as they go through the public workforce system. The PWSD can be used to analyze these programs both individually and in combination. The PWSD contains economic variables, Unemployment Insurance System data, and data on programs funded by the Workforce Investment Act and Employment Service. Economic variables included are labor force, employment, unemployment, unemployment rate, and gross domestic product data.

Graph and download economic data for Unemployment Rate - Black or African American (LNS14000006) from Jan 1972 to Sep 2025 about African-American, 16 years +, household survey, unemployment, rate, and USA.

Graph and download economic data for Total Unemployed, Plus All Persons Marginally Attached to the Labor Force, Plus Total Employed Part Time for Economic Reasons, as a Percent of the Civilian Labor Force Plus All Persons Marginally Attached to the Labor Force (U-6) (U6RATE) from Jan 1994 to Sep 2025 about marginally attached, part-time, labor underutilization, workers, 16 years +, labor, household survey, unemployment, and USA.

This paper examines the association between the Great Recession and real assets among families with young children. Real assets such as homes and cars are key indicators of economic well-being that may be especially valuable to low-income families. Using longitudinal data from the Fragile Families and Child Wellbeing Study (N = 4,898), we investigate the association between the city unemployment rate and home and car ownership and how the relationship varies by family structure (married, cohabiting, and single parents) and by race/ethnicity (White, Black, and Hispanic mothers). Using mother fixed-effects models, we find that a one percentage point increase in the unemployment rate is associated with a -0.5 percentage point decline in the probability of home ownership and a -0.7 percentage point decline in the probability of car ownership. We also find that the recession was associated with lower levels of home ownership for cohabiting families and for Hispanic families, as well as lower car ownership among single mothers and among Black mothers, whereas no change was observed among married families or White households. Considering that homes and cars are the most important assets among middle and low-income households in the U.S., these results suggest that the rise in the unemployment rate during the Great Recession may have increased household asset inequality across family structures and race/ethnicities, limiting economic mobility, and exacerbating the cycle of poverty.

Unemployment Rate in Denmark remained unchanged at 2.60 percent in October. This dataset provides - Denmark Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

BackgroundDespite improved health, unemployment has increased among people living with HIV (PlwHIV) over the last decade. However, since the economic recession of 2008, unemployment also increased in the French general population. This paper aimed to determine if the increase in the unemployment rate in the HIV population was higher than that in the French general population.MethodsWe used data from the ANRS-Vespa study, a repeated cross-sectional survey among two national representative samples of PlwHIV followed at hospitals in France in 2003 and 2011. We compared employment and unemployment rates between HIV-infected people (overall and according to period of HIV diagnosis) and the French general population in 2003 and 2011, using multivariate Poisson regressions adjusted for individual sociodemographic characteristics.ResultsThe employment rate among PlwHIV was consistently lower than that in the general population in 2003 and 2011. In contrast, there was a trend of an increasing unemployment rate difference between PlwHIV and the general population: PlwHIV’s unemployment rate was 1.48 (95% confidence interval [CI]: 1.16–1.90) times higher than that of the general population in 2003, versus 1.62 (95% CI: 1.34–1.96) times higher in 2011. This unemployment rate difference was the highest for PlwHIV diagnosed in or after 2008 (adjusted prevalence rate ratio: 2.06; 95% CI: 1.59–2.67).ConclusionsThese results suggest that in time of economic recession, an increasing proportion of PlwHIV may be excluded from the labor market although they are willing to re-enter it. This constitutes a major issue relative to social consequences of chronic disease.

Long-term unemployment surged in the United States in the aftermath of the Global Financial Crisis (2007-2008) and Great Recession (2008-2009). The long-term unemployment rate did not fall below its pre-Great Recession levels until March 2020, which was caused by the surge in the numbers of regular unemployed persons in the U.S., not by a decrease in the absolute number of long-term unemployed. Long-term unemployment is defined as a worker who is seeking work having been unemployed for 27 weeks or longer. This is a serious problem in the United States as many long-term unemployed workers have low levels of educational attainment, have worked in declining industries in the past (such as some primary or manufacturing sectors), or come from minority groups. Active labor market policies are used to address these issues, with schemes such as training and job-sharing schemes aiming to improve the job prospects of the long-term unemployed. The question of whether automation and other structural changes to the economy are causing a secular increase in long-term unemployment is a key issue facing the U.S. in the 21st century.

Graph and download economic data for Unemployment Rate in Virginia (VAUR) from Jan 1976 to Aug 2025 about VA, unemployment, rate, and USA.

Italy's unemployment rate was 6.6 percent in 2024, the lowest value since 2008. Forecasts suggest that it will stabilize around six percent between 2025 and 2027. The regions with the highest unemployment rates were in the south. Campania, Calabria, and Sicily registered rates from 16.1 percent to 17.8 percent, a large difference when compared to the northern regions, as only 2.9 percent of residents in Trentino-South Tyrol were unemployed, the lowest share nationwide. Young people mostly impacted Figures about the youth unemployment rate show that the financial crisis impacted the young working population significantly. Between 2004 and 2007, the share of unemployed individuals aged 15 to 24 years was declining. Subsequently, between 2008 and 2014, the rate almost doubled. In this case, southern regions had the largest share of young people without a job. In Sicily, Campania, and Calabria, more than one third of the population aged between 15 and 24 years was unemployed in 2022. Women more often unemployed In most of the Italian regions, the share of young unemployed women was higher than that of young males. In both Campania and Sicily, 50 percent of women aged 15 to 24 years did not have a job. Sicily was the region in Italy with the highest rate of unemployed young men. In this region, 51 percent of males were unemployed, almost five times more than in Trentino-South Tyrol, where the unemployment rate of young men stood at around nine percent.

County fixed-effects regression estimates for the relationship between unemployment rate and secondary outcomes, 2008–2011.

The US Social Security Disability Insurance (SSDI) program is designed to provide income support to workers who become unable to work because of a severe, long-lasting disability. In this study, we use administrative data to estimate the effect of labor market conditions, as measured by the unemployment rate, on the number of SSDI applications, the number and composition of initial allowances and denials, and the timing of applications relative to disability onset. We analyze the period of the Great Recession, and compare this period with business cycle effects over the past two decades, from 1992 through 2012.