Graph and download economic data for Unemployment Rate for United States (M0892AUSM156SNBR) from Apr 1929 to Jun 1942 about unemployment, rate, and USA.

From the late 19th century until the 1980s, the United States' unemployment rate was generally somewhere between three and ten percent of the total workforce. The periods when it peaked were in times of recession or depression - the Panic of 1893, which lasted until 1897, saw unemployment peak at over 18 percent, whereas the post-WWI recession saw unemployment spike to almost 12 percent in 1921.

However, the longest and most-severe period of mass unemployment in U.S. history came during the Great Depression - unemployment rose from just 3.2 percent in 1929 to one quarter of the total workforce in 1933, and it was not until the Second World War until it fell below five percent once more. Since this time, unemployment has never exceeded 10 percent, although it did come close during the recessions of the 1970s and 1980s.

More recent unemployment statistics for the U.S. can be found here.

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.

Graph and download economic data for Unemployment Rate - 16-24 Yrs. (LNU04024887) from Jan 1948 to Feb 2025 about 16 to 24 years, unemployment, rate, and USA.

In July 2024, 3.16 billion U.S. dollars were paid out in unemployment benefits in the United States. This is an increase from June 2024, when 2.62 billion U.S. dollars were paid in unemployment benefits. The large figures seen in 2020 are largely due to the impact of the coronavirus pandemic. Welfare in the U.S. Unemployment benefits first started in 1935 during the Great Depression as a part of President Franklin D. Roosevelt’s New Deal. The Social Security Act of 1935 ensured that Americans would not fall deeper into poverty. The United States was the only developed nation in the world at the time that did not offer any welfare benefits. This program created unemployment benefits, Medicare and Medicaid, and maternal and child welfare. The only major welfare program that the United States currently lacks is a paid maternity leave policy. Currently, the United States only offers 12 unpaid weeks of leave, under certain circumstances. However, the number of people without health insurance in the United States has greatly decreased since 2010. Unemployment benefits Current unemployment benefits in the United States vary from state to state due to unemployment being funded by both the state and the federal government. The average duration of people collecting unemployment benefits in the United States has fluctuated since January 2020, from as little as 4.55 weeks to as many as 50.32 weeks. The unemployment rate varies by ethnicity, gender, and education levels. For example, those aged 16 to 24 have faced the highest unemployment rates since 1990 during the pandemic. In February 2023, the Las Vegas-Henderson-Paradise, NV metropolitan area had the highest unemployment rate in the United States.

Unemployment Rate in Denmark decreased to 2.50 percent in January from 2.60 percent in December of 2024. This dataset provides - Denmark Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Unemployment Rate in Iowa (IAUR) from Jan 1976 to Jan 2025 about IA, unemployment, rate, and USA.

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.

This statistic shows, the impact of the recession on the unemployment rate in America, by degree of education attained. Due to the recession, the unemployment rate of people who have a high school diploma increased from 4.6 percent to 10.7 percent.

This release looks at the increase in unemployment during the recent economic downturn. Increases in unemployment will be compared across regions in the UK, age groups, gender and other characteristics. Claimant count data will also be included.

Source agency: Office for National Statistics

Designation: National Statistics

Language: English

Alternative title: Unemployment during the economic downturn

Graph and download economic data for Unemployment Rate in Pennsylvania (PAUR) from Jan 1976 to Dec 2024 about PA, unemployment, rate, and USA.

Graph and download economic data for Unemployment Rate in Connecticut (CTUR) from Jan 1976 to Jan 2025 about CT, unemployment, rate, and USA.

These files contain the publicly available data and statistical code to reproduce the tables and figures found in: Harper S, Charters TJ, Strumpf EC, Galea S, Nandi A. Economic downturns and suicide mortality in the United States, 1980-2010: observational study. Int J Epidemiol 2015

This statistic shows, the impact of the recession on the unemployment rate in America by industry. Due to the recession, the unemployment rate increased from 2.7 percent to 5.7 percent in the education & health sector.

Graph and download economic data for Unemployment Rate in Minneapolis-St. Paul-Bloomington, MN-WI (MSA) (MINN427URN) from Jan 1990 to Jan 2025 about Minneapolis, MN, WI, unemployment, rate, and USA.

Throughout the 1920s, prices on the U.S. stock exchange rose exponentially, however, by the end of the decade, uncontrolled growth and a stock market propped up by speculation and borrowed money proved unsustainable, resulting in the Wall Street Crash of October 1929. This set a chain of events in motion that led to economic collapse - banks demanded repayment of debts, the property market crashed, and people stopped spending as unemployment rose. Within a year the country was in the midst of an economic depression, and the economy continued on a downward trend until late-1932.

It was during this time where Franklin D. Roosevelt (FDR) was elected president, and he assumed office in March 1933 - through a series of economic reforms and New Deal policies, the economy began to recover. Stock prices fluctuated at more sustainable levels over the next decades, and developments were in line with overall economic development, rather than the uncontrolled growth seen in the 1920s. Overall, it took over 25 years for the Dow Jones value to reach its pre-Crash peak.

A series of recessions in the 1970s and 1980s meant that unemployment rates in some Western European countries rose to their highest levels since the Great Depression in the 1930s. While countries such as West Germany closed out the period of prosperity (known as the "Golden Age of Capitalism") with unemployment rates below one percent, figures rose gradually in the 1970s, and then furthermore in the 1980s. Throughout the 1960s and 1970s, the highest levels of unemployment in the listed countries were observed in Ireland and the United States; although the highest levels of unemployment in the 1980s were observed in Spain, during its transition to democracy. Of the major economic powers listed here, Japan saw the least amount of fluctuation, with a high of just 2.5 percent in the given periods; almost half of the U.S.' lowest unemployment figure in these periods.

Labour market indicators for Northern Ireland, including employment, unemployment, economic inactivity, workers' hours, jobs and Claimant Count, rolling three-monthly figures published monthly.

Abstract copyright UK Data Service and data collection copyright owner.The Continuous Household Survey (CHS) is one of the largest continuous surveys carried out in Northern Ireland. The survey is designed, conducted and analysed by the Central Survey Unit of the Northern Ireland Statistics and Research Agency (NISRA). It is based on a sample of the general population resident in private households and has been running since 1983. The Survey is designed to provide a regular source of information on a wide range of social and economic issues relevant to Northern Ireland. The CHS is an important source of information in Northern Ireland and is used by many Government departments and Agencies. Regular clients include the Departments of Enterprise, Trade and Investment, Culture Arts and Leisure, Regional Developments, Environment, Education, Employment and Learning and NISRA. Further information about the series, including methodology, may be found on the NISRA Central Survey Unit (CSU) Continuous Household Survey web pages. Main Topics: The main subject coverage of the data includes household and individual demographics, housing characteristics, changing population trends, household internet access, car access, household attitudes and behaviour towards environmental issues, individual participation in sports, arts and culture activities, individual usage of the internet, educational attainment, employment and health. Multi-stage stratified random sample The CHS is based on a systematic random sample of addresses drawn each year from the Land and Property Services Agency’s (LPSA) list of domestic addresses. The LPSA addresses are sorted by district council and ward, so the sample is effectively stratified geographically. Data is collected by personal interview using CAPI, and the interviews are spread equally over the 12 months from April to March. Face-to-face interview 2012 2013 AGE ANXIETY APPLICATION FOR EMP... ATHLETICS ATTENDANCE ATTITUDES BALL GAMES BEDROOMS BROADBAND CARE OF DEPENDANTS CARS CENTRAL HEATING CHILDREN COHABITATION COMBATIVE SPORTS COMPUTERS CONCENTRATION COSTS CULTURAL ACTIVITIES CULTURAL LIFE CULTURAL PARTICIPATION CYCLING DEBILITATIVE ILLNESS DEBTS DECISION MAKING DEPRESSION DISABILITIES ECONOMIC ACTIVITY EDUCATIONAL BACKGROUND EDUCATIONAL CERTIFI... EDUCATIONAL COURSES ELECTRIC POWER SUPPLY ELECTRICAL ENERGY C... EMOTIONAL STATES EMPLOYEES EMPLOYMENT EMPLOYMENT HISTORY EMPLOYMENT PROGRAMMES EMPLOYMENT SERVICES ENERGY CONSUMPTION ENERGY EFFICIENCY ENVIRONMENTAL AWARE... ENVIRONMENTAL ISSUES EQUESTRIAN SPORTS EXERCISE PHYSICAL A... Education FAMILY BENEFITS FAMILY MEMBERS FINANCIAL ADVICE FINANCIAL DIFFICULTIES FINANCIAL RESOURCES FISHING SPORT FLEXIBLE WORKING TIME FOSSIL FUELS FULL TIME EMPLOYMENT FURNISHED ACCOMMODA... GAS SUPPLY GENDER GYMNASTICS General health and ... HAPPINESS HEADS OF HOUSEHOLD HEALTH HEATING SYSTEMS HOURS OF WORK HOUSEHOLD BUDGETS HOUSEHOLDS HOUSING HOUSING AGE HOUSING BENEFITS HOUSING TENURE Health behaviour Health care service... Housing ILL HEALTH INCOME INDOOR SPORTS INDUSTRIES INTERNET ACCESS INTERNET USE JOB HUNTING LANDLORDS LEISURE TIME ACTIVI... LIBRARIES LIBRARY SERVICES LOANS LONGTERM UNEMPLOYMENT Labour and employment MARITAL STATUS MEDICAL PRESCRIPTIONS MOBILE PHONES MORTGAGES MOTOR SPORTS MOTOR VEHICLES MUSEUMS OCCUPATIONAL QUALIF... OCCUPATIONAL TRAINING OCCUPATIONS PART TIME EMPLOYMENT PENSION CONTRIBUTIONS PERSONAL DEBT REPAY... PHYSICAL ACTIVITIES PRIVATE SECTOR PUBLIC SECTOR QUALIFICATIONS RACKET GAMES RECYCLING RELIGIOUS AFFILIATION RELIGIOUS ATTENDANCE RENTED ACCOMMODATION RESIDENTIAL BUILDINGS RESIDENTIAL MOBILITY RESOURCES CONSERVATION ROOMS Religion and values SATISFACTION SELF EMPLOYED SHOOTING SPORT SKATING SMOKING SMOKING CESSATION SOCIAL ATTITUDES SOCIAL ISSUES SOCIAL SECURITY BEN... SOCIAL SECURITY CON... SOCIO ECONOMIC STATUS SPORT SPORT SPECTATORSHIP SPORTS CLUBS SPOUSES STRESS PSYCHOLOGICAL SUPERVISORY STATUS Social conditions a... Specific social ser... TAX RELIEF TELEPHONES TELEVISION PROGRAMMES TEMPORARY EMPLOYMENT TIME TOBACCO UNEMPLOYMENT UNFURNISHED ACCOMMO... UNWAGED WORKERS VOLUNTARY WORK WALKING WATER SPORTS WEIGHT LIFTING WORKPLACE Wounds and injuries

The estimated number of banks and thrifts in the United States fell from around 31,000 in 1920 to 26,000 in 1929, when the onset of the Great Depression would then see it fall further, below 15,000 in 1933. This marks a cumulative decline of over 16,000 banks and thrifts, which is equal to a drop of more than 52 percent in 13 years. Tumultuous Twenties Despite the economic prosperity associated with the Roarin' 1920s in the U.S., it was a tumultuous decade in financial terms, with more separate recessions than any other decade. However, the 1920s was also privy to frivolous lending policies among many banks, which saw the banking sector collapse in the wake of the Wall Street Crash in 1929. Many banks failed as the Great Depression and unemployment spread across the country, and customers or businesses could not afford to repay their loans. It was only after this financial crisis where the federal government began keeping more stringent and accurate records on its banking sector, therefore precise figures and the reasons behind these bank failures are not always clear. Franklin D. Roosevelt Just two days after assuming office in 1933, Franklin D. Roosevelt drastically declared a bank holiday, and all banks in the country were closed from March 6 until March 13. This break allowed Congress to pass the Emergency Banking Act on March 9, which saw the Federal Reserve provide deposit insurance for all reopened banks thereafter. Through his first fireside chat, Roosevelt then encouraged Americans to re-deposit their money in the banks again, which successfully restored much of the public's faith in the banking system - it is estimated that over half of the cash withdrawn during the Great Depression was then returned to the banks by March 15.