95 datasets found
  1. United States: duration of recessions 1854-2024

    • statista.com
    Updated Jul 4, 2024
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    Statista (2024). United States: duration of recessions 1854-2024 [Dataset]. https://www.statista.com/statistics/1317029/us-recession-lengths-historical/
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    Dataset updated
    Jul 4, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The Long Depression was, by a large margin, the longest-lasting recession in U.S. history. It began in the U.S. with the Panic of 1873, and lasted for over five years. This depression was the largest in a series of recessions at the turn of the 20th century, which proved to be a period of overall stagnation as the U.S. financial markets failed to keep pace with industrialization and changes in monetary policy. Great Depression The Great Depression, however, is widely considered to have been the most severe recession in U.S. history. Following the Wall Street Crash in 1929, the country's economy collapsed, wages fell and a quarter of the workforce was unemployed. It would take almost four years for recovery to begin. Additionally, U.S. expansion and integration in international markets allowed the depression to become a global event, which became a major catalyst in the build up to the Second World War. Decreasing severity When comparing recessions before and after the Great Depression, they have generally become shorter and less frequent over time. Only three recessions in the latter period have lasted more than one year. Additionally, while there were 12 recessions between 1880 and 1920, there were only six recessions between 1980 and 2020. The most severe recession in recent years was the financial crisis of 2007 (known as the Great Recession), where irresponsible lending policies and lack of government regulation allowed for a property bubble to develop and become detached from the economy over time, this eventually became untenable and the bubble burst. Although the causes of both the Great Depression and Great Recession were similar in many aspects, economists have been able to use historical evidence to try and predict, prevent, or limit the impact of future recessions.

  2. F

    Dates of U.S. recessions as inferred by GDP-based recession indicator

    • fred.stlouisfed.org
    json
    Updated Apr 30, 2025
    + more versions
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    (2025). Dates of U.S. recessions as inferred by GDP-based recession indicator [Dataset]. https://fred.stlouisfed.org/series/JHDUSRGDPBR
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    jsonAvailable download formats
    Dataset updated
    Apr 30, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Dates of U.S. recessions as inferred by GDP-based recession indicator (JHDUSRGDPBR) from Q4 1967 to Q4 2024 about recession indicators, GDP, and USA.

  3. U.S. monthly projected recession probability 2021-2026

    • statista.com
    Updated Jun 24, 2025
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    Statista (2025). U.S. monthly projected recession probability 2021-2026 [Dataset]. https://www.statista.com/statistics/1239080/us-monthly-projected-recession-probability/
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    Dataset updated
    Jun 24, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Apr 2021 - Apr 2026
    Area covered
    United States
    Description

    By April 2026, it is projected that there is a probability of ***** percent that the United States will fall into another economic recession. This reflects a significant decrease from the projection of the preceding month.

  4. F

    NBER based Recession Indicators for the United States from the Peak through...

    • fred.stlouisfed.org
    json
    Updated Jun 26, 2025
    + more versions
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    (2025). NBER based Recession Indicators for the United States from the Peak through the Trough [Dataset]. https://fred.stlouisfed.org/series/USRECDM
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    jsonAvailable download formats
    Dataset updated
    Jun 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    United States
    Description

    Graph and download economic data for NBER based Recession Indicators for the United States from the Peak through the Trough (USRECDM) from 1854-12-01 to 2025-06-25 about peak, trough, recession indicators, and USA.

  5. T

    United States - Dates of U.S. recessions as inferred by GDP-based recession...

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jan 25, 2019
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    TRADING ECONOMICS (2019). United States - Dates of U.S. recessions as inferred by GDP-based recession indicator [Dataset]. https://tradingeconomics.com/united-states/dates-of-u-s-recessions-as-inferred-by-gdp-based-recession-indicator-fed-data.html
    Explore at:
    excel, xml, json, csvAvailable download formats
    Dataset updated
    Jan 25, 2019
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    United States
    Description

    United States - Dates of U.S. recessions as inferred by GDP-based recession indicator was 0.00000 +1 or 0 in July of 2024, according to the United States Federal Reserve. Historically, United States - Dates of U.S. recessions as inferred by GDP-based recession indicator reached a record high of 1.00000 in April of 1969 and a record low of 0.00000 in January of 1968. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Dates of U.S. recessions as inferred by GDP-based recession indicator - last updated from the United States Federal Reserve on June of 2025.

  6. F

    Real-time Sahm Rule Recession Indicator

    • fred.stlouisfed.org
    json
    Updated Jun 6, 2025
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    (2025). Real-time Sahm Rule Recession Indicator [Dataset]. https://fred.stlouisfed.org/series/SAHMREALTIME
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    jsonAvailable download formats
    Dataset updated
    Jun 6, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Real-time Sahm Rule Recession Indicator (SAHMREALTIME) from Dec 1959 to May 2025 about recession indicators, academic data, and USA.

  7. United States NBER: Recorded Recession

    • ceicdata.com
    Updated Mar 15, 2023
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    CEICdata.com (2023). United States NBER: Recorded Recession [Dataset]. https://www.ceicdata.com/en/united-states/recession-probability/nber-recorded-recession
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    Dataset updated
    Mar 15, 2023
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 1, 2017 - Mar 1, 2018
    Area covered
    United States
    Description

    United States NBER: Recorded Recession data was reported at 0.000 Unit in Oct 2018. This stayed constant from the previous number of 0.000 Unit for Sep 2018. United States NBER: Recorded Recession data is updated monthly, averaging 0.000 Unit from Jan 1959 (Median) to Oct 2018, with 718 observations. The data reached an all-time high of 1.000 Unit in Jun 2009 and a record low of 0.000 Unit in Oct 2018. United States NBER: Recorded Recession data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s United States – Table US.S021: Recession Probability. An interpretation of US Business Cycle Expansions and Contractions data provided by The National Bureau of Economic Research (NBER). A value of 1 is a recessionary period, while a value of 0 is an expansionary period.

  8. T

    United States - GDP-Based Recession Indicator Index

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 19, 2019
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    TRADING ECONOMICS (2019). United States - GDP-Based Recession Indicator Index [Dataset]. https://tradingeconomics.com/united-states/gdp-based-recession-indicator-index-fed-data.html
    Explore at:
    json, csv, xml, excelAvailable download formats
    Dataset updated
    May 19, 2019
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    United States
    Description

    United States - GDP-Based Recession Indicator Index was 6.80000 Percentage Points in October of 2024, according to the United States Federal Reserve. Historically, United States - GDP-Based Recession Indicator Index reached a record high of 100.00000 in April of 2020 and a record low of 0.00000 in July of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - GDP-Based Recession Indicator Index - last updated from the United States Federal Reserve on June of 2025.

  9. Recession and recovery in the U.S. - Change in employment

    • statista.com
    Updated Jul 6, 2011
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    Statista (2011). Recession and recovery in the U.S. - Change in employment [Dataset]. https://www.statista.com/statistics/195166/change-in-employment-in-the-us-recession-and-recovery-by-gender-since-2007/
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    Dataset updated
    Jul 6, 2011
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Dec 2007 - May 2011
    Area covered
    United States
    Description

    This statistic shows the change in employment in the recent recession and recovery in the United States by gender. Between December 2007 and June 2009, employment among men plummeted by more than 5.3 million.

  10. United States Recession Probability

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). United States Recession Probability [Dataset]. https://www.ceicdata.com/en/united-states/recession-probability/recession-probability
    Explore at:
    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 1, 2018 - Mar 1, 2019
    Area covered
    United States
    Description

    United States Recession Probability data was reported at 14.120 % in Oct 2019. This records a decrease from the previous number of 14.505 % for Sep 2019. United States Recession Probability data is updated monthly, averaging 7.668 % from Jan 1960 (Median) to Oct 2019, with 718 observations. The data reached an all-time high of 95.405 % in Dec 1981 and a record low of 0.080 % in Sep 1983. United States Recession Probability data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s United States – Table US.S021: Recession Probability.

  11. U.S. Sahm rule recession indicator 2022-2024

    • statista.com
    Updated Nov 12, 2024
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    Statista (2024). U.S. Sahm rule recession indicator 2022-2024 [Dataset]. https://www.statista.com/statistics/1329904/sahm-recession-indicator-us/
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    Dataset updated
    Nov 12, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Oct 2022 - Oct 2024
    Area covered
    United States
    Description

    In October 2024, the Sahm recession indicator was 0.43, a slight decrease from the previous month. The Sahm Rule was developed to flag the onset of an economic recession more quickly than other indicators. The Sahm Rule signals the start of a recession when the three-month moving average of the national unemployment rate rises by 0.50 percentage points or more relative to its low during the previous 12 months.

  12. Weekly Economic Index in the U.S. 2021-2025

    • statista.com
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    Statista, Weekly Economic Index in the U.S. 2021-2025 [Dataset]. https://www.statista.com/statistics/1332099/us-weekly-economic-index/
    Explore at:
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2021 - May 2025
    Area covered
    United States
    Description

    The Weekly Economic Index (WEI) of the United States exhibited notable fluctuations between January 2021 and May 2025. Throughout this period, the WEI reached its lowest point at negative **** percent in the third week of February 2021, while achieving its peak at ***** percent in the first week of May 2021. From 2021 through the initial half of 2023, the WEI demonstrated a gradual decline, interspersed with occasional minor upturns. This phase was succeeded by a period characterized by a modest overall increase. What is the Weekly Economic Index? The Weekly Economic Index (WEI) is an index of real economic activity using high-frequency data, used to signal the state of the U.S. economy. It is an index of ** daily and weekly indicators, scaled to align with the four-quarter GDP growth rate. The indicators reflected in the WEI cover consumer behavior, the labor market, and production.

  13. M

    U.S. Recession Dates by GDP Indicator (1967-2024)

    • macrotrends.net
    csv
    Updated Jun 30, 2025
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    MACROTRENDS (2025). U.S. Recession Dates by GDP Indicator (1967-2024) [Dataset]. https://www.macrotrends.net/3120/us-recession-dates-by-gdp-indicator
    Explore at:
    csvAvailable download formats
    Dataset updated
    Jun 30, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    1967 - 2024
    Area covered
    United States
    Description

    The series assigns dates to U.S. recessions based on a mathematical model of the way that recessions differ from expansions. Whereas the NBER business cycle dates are based on a subjective assessment of a variety of indicators, the dates here are entirely mechanical and are calculated solely from historically reported GDP data. Whenever the GDP-based recession indicator index rises above 67%, the economy is determined to be in a recession. The date that the recession is determined to have begun is the first quarter prior to that date for which the inference from the mathematical model using all data available at that date would have been above 50%. The next time the GDP-based recession indicator index falls below 33%, the recession is determined to be over, and the last quarter of the recession is the first quarter for which the inference from the mathematical model using all available data at that date would have been below 50%.

    For more information about this series visit http://econbrowser.com/recession-index.

  14. T

    United States - Smoothed U.S. Recession Probabilities

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Feb 9, 2020
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    TRADING ECONOMICS (2020). United States - Smoothed U.S. Recession Probabilities [Dataset]. https://tradingeconomics.com/united-states/smoothed-u-s-recession-probabilities-fed-data.html
    Explore at:
    csv, xml, excel, jsonAvailable download formats
    Dataset updated
    Feb 9, 2020
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    United States
    Description

    United States - Smoothed U.S. Recession Probabilities was 0.48% in April of 2025, according to the United States Federal Reserve. Historically, United States - Smoothed U.S. Recession Probabilities reached a record high of 100.00 in March of 2020 and a record low of 0.00 in November of 1967. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Smoothed U.S. Recession Probabilities - last updated from the United States Federal Reserve on June of 2025.

  15. F

    GDP-Based Recession Indicator Index

    • fred.stlouisfed.org
    json
    Updated Apr 30, 2025
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    (2025). GDP-Based Recession Indicator Index [Dataset]. https://fred.stlouisfed.org/series/JHGDPBRINDX
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Apr 30, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for GDP-Based Recession Indicator Index (JHGDPBRINDX) from Q4 1967 to Q4 2024 about recession indicators, percent, GDP, and indexes.

  16. United States FRB Recession Risk

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). United States FRB Recession Risk [Dataset]. https://www.ceicdata.com/en/united-states/frb-recession-risk/frb-recession-risk
    Explore at:
    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2024 - Feb 1, 2025
    Area covered
    United States
    Description

    United States FRB Recession Risk data was reported at 0.178 % in Apr 2025. This records a decrease from the previous number of 0.192 % for Mar 2025. United States FRB Recession Risk data is updated monthly, averaging 0.193 % from Jan 1973 (Median) to Apr 2025, with 628 observations. The data reached an all-time high of 1.000 % in Oct 2008 and a record low of 0.022 % in Jul 2003. United States FRB Recession Risk data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.S090: FRB Recession Risk.

  17. The Effects of Recessions Across Demographic Groups

    • icpsr.umich.edu
    excel
    Updated Jun 14, 2013
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    Engemann, Kristie M.; Wall, Howard J. (2013). The Effects of Recessions Across Demographic Groups [Dataset]. http://doi.org/10.3886/ICPSR34702.v1
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    excelAvailable download formats
    Dataset updated
    Jun 14, 2013
    Dataset provided by
    Inter-university Consortium for Political and Social Researchhttps://www.icpsr.umich.edu/web/pages/
    Authors
    Engemann, Kristie M.; Wall, Howard J.
    License

    https://www.icpsr.umich.edu/web/ICPSR/studies/34702/termshttps://www.icpsr.umich.edu/web/ICPSR/studies/34702/terms

    Time period covered
    1972 - 2009
    Area covered
    United States
    Description

    The burdens of a recession are not spread evenly across demographic groups. As the public and media noticed, from the start of the current recession in December 2007 through June 2009 men accounted for more than three-quarters of net job losses. Other differences have garnered less attention but are just as interesting. During the same period, the employment of single people fell at more than twice the rate that it did for married people and the decline for black workers was one and a half times that for white workers. To provide a more complete understanding of the effect of recessions, this paper examines the different effects of this and previous recessions across a range of demographic categories: sex, marital status, race, age, and education level.

  18. M

    U.S. Recession Indicators (1854-2025)

    • macrotrends.net
    csv
    Updated Jun 30, 2025
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    MACROTRENDS (2025). U.S. Recession Indicators (1854-2025) [Dataset]. https://www.macrotrends.net/3134/us-recession-indicators
    Explore at:
    csvAvailable download formats
    Dataset updated
    Jun 30, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    1854 - 2025
    Area covered
    United States
    Description

    This time series is an interpretation of US Business Cycle Expansions and Contractions data provided by The National Bureau of Economic Research (http://www.nber.org/cycles/cyclesmain.html) (NBER). Our time series is composed of dummy variables that represent periods of expansion and recession. The NBER identifies months and quarters of turning points without designating a date within the period that turning points occurred. The dummy variable adopts an arbitrary convention that the turning point occurred at a specific date within the period. The arbitrary convention does not reflect any judgment on this issue by the NBER's Business Cycle Dating Committee. A value of 1 is a recessionary period, while a value of 0 is an expansionary period. For this time series, the recession begins the first day of the period following a peak and ends on the last day of the period of the trough. For more options on recession shading, see the notes and links below.

    The recession shading data that we provide initially comes from the source as a list of dates that are either an economic peak or trough. We interpret dates into recession shading data using one of three arbitrary methods. All of our recession shading data is available using all three interpretations. The period between a peak and trough is always shaded as a recession. The peak and trough are collectively extrema. Depending on the application, the extrema, both individually and collectively, may be included in the recession period in whole or in part. In situations where a portion of a period is included in the recession, the whole period is deemed to be included in the recession period.

    The first interpretation, known as the midpoint method, is to show a recession from the midpoint of the peak through the midpoint of the trough for monthly and quarterly data. For daily data, the recession begins on the 15th of the month of the peak and ends on the 15th of the month of the trough. Daily data is a disaggregation of monthly data. For monthly and quarterly data, the entire peak and trough periods are included in the recession shading. This method shows the maximum number of periods as a recession for monthly and quarterly data. The Federal Reserve Bank of St. Louis uses this method in its own publications. One version of this time series is represented using the midpoint method (https://fred.stlouisfed.org/series/USRECM) The second interpretation, known as the trough method, is to show a recession from the period following the peak through the trough (i.e. the peak is not included in the recession shading, but the trough is). For daily data, the recession begins on the first day of the first month following the peak and ends on the last day of the month of the trough. Daily data is a disaggregation of monthly data. The trough method is used when displaying data on FRED graphs. The trough method is used for this series.

    The third interpretation, known as the peak method, is to show a recession from the period of the peak to the trough (i.e. the peak is included in the recession shading, but the trough is not). For daily data, the recession begins on the first day of the month of the peak and ends on the last day of the month preceding the trough. Daily data is a disaggregation of monthly data. Here is an example of this time series represented using the peak method (https://fred.stlouisfed.org/series/USRECP).

  19. United States NBER-Based Recession Indicators from the Peak Through the...

    • ceicdata.com
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    CEICdata.com, United States NBER-Based Recession Indicators from the Peak Through the Trough [Dataset]. https://www.ceicdata.com/en/united-states/nberbased-recession-indicators/nberbased-recession-indicators-from-the-peak-through-the-trough
    Explore at:
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 13, 2025 - Mar 24, 2025
    Area covered
    United States
    Description

    United States NBER-Based Recession Indicators from the Peak Through the Trough data was reported at 0.000 Unit in 14 May 2025. This stayed constant from the previous number of 0.000 Unit for 13 May 2025. United States NBER-Based Recession Indicators from the Peak Through the Trough data is updated daily, averaging 0.000 Unit from Dec 1854 (Median) to 14 May 2025, with 62256 observations. The data reached an all-time high of 1.000 Unit in 15 Apr 2020 and a record low of 0.000 Unit in 14 May 2025. United States NBER-Based Recession Indicators from the Peak Through the Trough data remains active status in CEIC and is reported by Federal Reserve Bank of St. Louis. The data is categorized under Global Database’s United States – Table US.S: NBER-Based Recession Indicators.

  20. Total employment figures and unemployment rate in the United States...

    • statista.com
    • ai-chatbox.pro
    Updated Jul 4, 2024
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    Statista (2024). Total employment figures and unemployment rate in the United States 1980-2025 [Dataset]. https://www.statista.com/statistics/269959/employment-in-the-united-states/
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    Dataset updated
    Jul 4, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In 2023, it was estimated that over 161 million Americans were in some form of employment, while 3.64 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.

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Statista (2024). United States: duration of recessions 1854-2024 [Dataset]. https://www.statista.com/statistics/1317029/us-recession-lengths-historical/
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United States: duration of recessions 1854-2024

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Dataset updated
Jul 4, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
United States
Description

The Long Depression was, by a large margin, the longest-lasting recession in U.S. history. It began in the U.S. with the Panic of 1873, and lasted for over five years. This depression was the largest in a series of recessions at the turn of the 20th century, which proved to be a period of overall stagnation as the U.S. financial markets failed to keep pace with industrialization and changes in monetary policy. Great Depression The Great Depression, however, is widely considered to have been the most severe recession in U.S. history. Following the Wall Street Crash in 1929, the country's economy collapsed, wages fell and a quarter of the workforce was unemployed. It would take almost four years for recovery to begin. Additionally, U.S. expansion and integration in international markets allowed the depression to become a global event, which became a major catalyst in the build up to the Second World War. Decreasing severity When comparing recessions before and after the Great Depression, they have generally become shorter and less frequent over time. Only three recessions in the latter period have lasted more than one year. Additionally, while there were 12 recessions between 1880 and 1920, there were only six recessions between 1980 and 2020. The most severe recession in recent years was the financial crisis of 2007 (known as the Great Recession), where irresponsible lending policies and lack of government regulation allowed for a property bubble to develop and become detached from the economy over time, this eventually became untenable and the bubble burst. Although the causes of both the Great Depression and Great Recession were similar in many aspects, economists have been able to use historical evidence to try and predict, prevent, or limit the impact of future recessions.

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