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.

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.

U.S. unemployment rate for 2024 was 4.11%, a 0.47% increase from 2023.

<ul style='margin-top:20px;'>

<li>U.S. unemployment rate for 2023 was <strong>3.64%</strong>, a <strong>0.01% decline</strong> from 2022.</li>
<li>U.S. unemployment rate for 2022 was <strong>3.65%</strong>, a <strong>1.7% decline</strong> from 2021.</li>
<li>U.S. unemployment rate for 2021 was <strong>5.35%</strong>, a <strong>2.71% decline</strong> from 2020.</li>
</ul>Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

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

This table includes the Labor force data by county files for 2008, 2009, and 2010 annual averages. It comes from the U.S. Bureau of Labor Statistics Local Area Unemployment Statistics webpage.

Unemployment Rate in Spain increased to 11.36 percent in the first quarter of 2025 from 10.61 percent in the fourth quarter of 2024. This dataset provides the latest reported value for - Spain Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

World unemployment rate for 2023 was 4.96%, a 0.3% decline from 2022.

<ul style='margin-top:20px;'>

<li>World unemployment rate for 2022 was <strong>5.26%</strong>, a <strong>0.77% decline</strong> from 2021.</li>
<li>World unemployment rate for 2021 was <strong>6.03%</strong>, a <strong>0.55% decline</strong> from 2020.</li>
<li>World unemployment rate for 2020 was <strong>6.59%</strong>, a <strong>1% increase</strong> from 2019.</li>
</ul>Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

This statistic shows the unemployment rate in France from 1991 to 2023. In 2023, the unemployment rate in France was around 7.34 percent. Population of France A member of the G7 and G20, France is one of the world's most powerful, advanced and emerging economies. With a total population of around 65 million people, France’s economy must adapt itself to employ the growing population. Although the rates of population growth in the past five years have declined in comparison to the population growth rates between 2003 and 2007, there is still an overall growth in the total population. An important factor that directly affects the French economy is the percentage increase in people who are 65 years of age or older and the percentage decline of people between the ages of 15 and 64 years. Because the percentage of the working population is decreasing, mainly people between the ages of 15 and 64 years, and the median age of the population in France is increasing, the economy must adapt to the growing competition by providing more employment opportunities. With the Eurozone crisis and global financial crisis of 2008, the real gross domestic product (GDP) growth rate in France suffered dramatic drops between 2008 and 2009 in comparison to the previous year. Despite having increased between 2009 and 2013, employment in France has not reached the record high of 2008 again yet. In addition, the unemployment rates in the last decade have increased by almost two percent.

Italy's unemployment rate reached 7.6 percent in 2023, the lowest value since 2009. Forecasts suggest that it will stabilize around 7.5 percent between 2024 and 2026. The regions with the highest unemployment rates were in the south. Campania, Calabria, and Sicily registered rates from 15.8 percent to 17.4 percent, a large difference when compared to the northern regions, as only 2.8 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 those 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.

At a rate of 11.27 percent in the second quarter of 2024, Spain was one of the countries with the highest unemployment rates in the European Union. As of the third quarter of 2005, the unemployment rate in Spain was at roughly 8.4 percent, the lowest recorded in the period under consideration. However, a few years later, by the third quarter of 2009, it had more than doubled. It was not until 2016 that Spain witnessed a downward trend in its unemployment rate. Unemployment in Spain The age group with the highest distribution of unemployment is that of teenagers (16 to 19 years). Recent quarterly unemployment figures in Spain show that unemployment peaked in the first quarter of 2013, whereby there were approximately 6.28 million inhabitants unemployed, by the same quarter in 2024, unemployment had decreased by over 3 million. This trend is also reflected in the number of people in employment in Spain. The situation in the European Union Spain was the European country with the highest unemployment rate in August 2023, with nearly 12 percent of the labor force out of work. This figure is considerably higher than that of the rest of the European Union, which had an average unemployment rate of six percent as of the same period. In terms of youth unemployment, figures in the European Union reached 14 percent in August 2023, although the numbers varies greatly across the countries. While Greece and Spain topped the list at a youth unemployment rate of 23.5 and 26.8 percent, Germany was at the bottom of the list with just 5.7 percent of its youth out of a job.

Unemployment Rate in South Africa increased to 32.90 percent in the first quarter of 2025 from 31.90 percent in the fourth quarter of 2024. This dataset provides - South Africa Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the unemployment rate in Canada from 2019 to 2023, with projections up until 2029. In 2023, the unemployment rate in Canada was at around 5.41 percent. Canada’s economy Three-quarter of Canada’s workforce is employed in the services sector, with the other two sectors, agriculture and industry, accounting for the rest of Canada’s employment. The country’s main export and import partner is the United States. Although both export and import figures have increased over the last few years, the trade balance of goods in Canada – i.e. the value of Canada’s exports minus the value of its imports – has slumped dramatically since the economic crisis hit in 2008. In 2009, for the first time in a decade, Canada reported a trade deficit, and the figures are still struggling to recover. Additionally, Canada’s public debt has been increasing since the crisis. Although a few key figures are still not back to the usual level, Canada and its economy seem to have more or less bounced back from the crisis; as can be seen above, the unemployment rate is gradually decreasing, for example, and gross domestic product / GDP in Canada has been increasing steadily. Canada is thus among the countries with the largest proportion of global gross domestic product / GDP based on Purchasing Power Parity. Canada is among the leading trading nations worldwide, and an important part of its economy is the export of oil. The country hosts significant oil resources, in fact, its capacity is the third-largest after those of Saudi Arabia and Venezuela.

Hong Kong Unemployment Rate: Construction: Decoration & Maintenance data was reported at 4.400 % in Sep 2018. This records a decrease from the previous number of 5.400 % for Aug 2018. Hong Kong Unemployment Rate: Construction: Decoration & Maintenance data is updated monthly, averaging 6.800 % from Mar 2008 (Median) to Sep 2018, with 127 observations. The data reached an all-time high of 21.700 % in Apr 2009 and a record low of 4.000 % in Dec 2016. Hong Kong Unemployment Rate: Construction: Decoration & Maintenance data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.G056: Unemployment Rate: GHS: RPA: by Industry: HSIC 2.0.

The average unemployment rate was six percent in Germany in 2024. Since 2005, the rate of unemployment has generally been declining, though a slight increase was evident in recent years. Unemployment in Germany and comparison with other countries Germany has a comparatively low unemployment rate compared to its European neighbors, and they are expected to stay at around three percent over the next few years. This is a result of the damage the economy suffered during the COVID-19 pandemic. During the lockdown, most businesses were closed, and many companies lost revenue meaning employees were let go. It is also possible that higher unemployment figures will continue into later years because of inflation and rising energy prices. There is also a slightly higher unemployment rate among men than there is among women. Social support Social support is money paid out to those who are unable to work for some reason, its purpose is to protect those who are most vulnerable. The status of being unemployed is defined as when an employed person is laid off, fired, or quits his work and is still looking for a job, this is what qualifies someone to receive a citizens allowance (Bürgergeld) in Germany. The payments are only made if you are unemployed and worked for the last 12 months. Otherwise, benefits are received in the form of Arbeitslosengeld II, also called Hartz IV, which distributes social payments to people without an income who cannot work to make a living. Since January 2023 though, Arbeitlosengeld has been replaced by Bürgergeld, since this is a new transition, it is still possible that people will still refer to the benefits as Arbeitlosengeld or Hartz IV.

Hong Kong Unemployment Rate: RA: Retail data was reported at 3.800 % in Oct 2018. This records a decrease from the previous number of 3.900 % for Sep 2018. Hong Kong Unemployment Rate: RA: Retail data is updated monthly, averaging 4.600 % from Mar 2008 (Median) to Oct 2018, with 128 observations. The data reached an all-time high of 6.800 % in Oct 2009 and a record low of 3.600 % in Aug 2018. Hong Kong Unemployment Rate: RA: Retail data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.G056: Unemployment Rate: GHS: RPA: by Industry: HSIC 2.0.

Replication files for "Job-to-Job Mobility and Inflation" Authors: Renato Faccini and Leonardo Melosi Review of Economics and Statistics Date: February 2, 2023 -------------------------------------------------------------------------------------------- ORDERS OF TOPICS .Section 1. We explain the code to replicate all the figures in the paper (except Figure 6) .Section 2. We explain how Figure 6 is constructed .Section 3. We explain how the data are constructed SECTION 1 Replication_Main.m is used to reproduce all the figures of the paper except Figure 6. All the primitive variables are defined in the code and all the steps are commented in code to facilitate the replication of our results. Replication_Main.m, should be run in Matlab. The authors tested it on a DELL XPS 15 7590 laptop wih the follwoing characteristics: -------------------------------------------------------------------------------------------- Processor Intel(R) Core(TM) i9-9980HK CPU @ 2.40GHz 2.40 GHz Installed RAM 64.0 GB System type 64-bit operating system, x64-based processor -------------------------------------------------------------------------------------------- It took 2 minutes and 57 seconds for this machine to construct Figures 1, 2, 3, 4a, 4b, 5, 7a, and 7b. The following version of Matlab and Matlab toolboxes has been used for the test: -------------------------------------------------------------------------------------------- MATLAB Version: 9.7.0.1190202 (R2019b) MATLAB License Number: 363305 Operating System: Microsoft Windows 10 Enterprise Version 10.0 (Build 19045) Java Version: Java 1.8.0_202-b08 with Oracle Corporation Java HotSpot(TM) 64-Bit Server VM mixed mode -------------------------------------------------------------------------------------------- MATLAB Version 9.7 (R2019b) Financial Toolbox Version 5.14 (R2019b) Optimization Toolbox Version 8.4 (R2019b) Statistics and Machine Learning Toolbox Version 11.6 (R2019b) Symbolic Math Toolbox Version 8.4 (R2019b) -------------------------------------------------------------------------------------------- The replication code uses auxiliary files and save the pictures in various subfolders: \JL_models: It contains the equations describing the model including the observation equations and routine used to solve the model. To do so, the routine in this folder calls other routines located in some fo the subfolders below. \gensystoama: It contains a set of codes that allow us to solve linear rational expectations models. We use the AMA solver. More information are provided in the file AMASOLVE.m. The codes in this subfolder have been developed by Alejandro Justiniano. \filters: it contains the Kalman filter augmented with a routine to make sure that the zero lower bound constraint for the nominal interest rate is satisfied in every period in our sample. \SteadyStateSolver: It contains a set of routines that are used to solved the steady state of the model numerically. \NLEquations: It contains some of the equations of the model that are log-linearized using the symbolic toolbox of matlab. \NberDates: It contains a set of routines that allows to add shaded area to graphs to denote NBER recessions. \Graphics: It contains useful codes enabling features to construct some of the graphs in the paper. \Data: it contains the data set used in the paper. \Params: It contains a spreadsheet with the values attributes to the model parameters. \VAR_Estimation: It contains the forecasts implied by the Bayesian VAR model of Section 2. The output of Replication_Main.m are the figures of the paper that are stored in the subfolder \Figures SECTION 2 The Excel file "Figure-6.xlsx" is used to create the charts in Figure 6. All three panels of the charts (A, B, and C) plot a measure of unexpected wage inflation against the unemployment rate, then fits separate linear regressions for the periods 1960-1985,1986-2007, and 2008-2009. Unexpected wage inflation is given by the difference between wage growth and a measure of expected wage growth. In all three panels, the unemployment rate used is the civilian unemployment rate (UNRATE), seasonally adjusted, from the BLS. The sheet "Panel A" uses quarterly manufacturing sector average hourly earnings growth data, seasonally adjusted (CES3000000008), from the Bureau of Labor Statistics (BLS) Employment Situation report as the measure of wage inflation. The unexpected wage inflation is given by the difference between earnings growth at time t and the average of earnings growth across the previous four months. Growth rates are annualized quarterly values. The sheet "Panel B" uses quarterly Nonfarm Business Sector Compensation Per Hour, seasonally adjusted (COMPNFB), from the BLS Productivity and Costs report as its measure of wage inflation. As in Panel A, expected wage inflation is given by the... Visit https://dataone.org/datasets/sha256%3A44c88fe82380bfff217866cac93f85483766eb9364f66cfa03f1ebdaa0408335 for complete metadata about this dataset.

Unemployment rate, participation rate, and employment rate by educational attainment, gender and age group, annual.

Hong Kong Unemployment Rate: Trade & Wholesale data was reported at 2.300 % in Oct 2018. This records a decrease from the previous number of 2.400 % for Sep 2018. Hong Kong Unemployment Rate: Trade & Wholesale data is updated monthly, averaging 2.900 % from Mar 2008 (Median) to Oct 2018, with 128 observations. The data reached an all-time high of 5.000 % in Aug 2009 and a record low of 2.200 % in Jun 2018. Hong Kong Unemployment Rate: Trade & Wholesale data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.G056: Unemployment Rate: GHS: RPA: by Industry: HSIC 2.0.

Ireland unemployment rate for 2023 was 4.34%, a 0.14% decline from 2022.

<ul style='margin-top:20px;'>

<li>Ireland unemployment rate for 2022 was <strong>4.48%</strong>, a <strong>1.72% decline</strong> from 2021.</li>
<li>Ireland unemployment rate for 2021 was <strong>6.19%</strong>, a <strong>0.57% increase</strong> from 2020.</li>
<li>Ireland unemployment rate for 2020 was <strong>5.62%</strong>, a <strong>0.67% increase</strong> from 2019.</li>
</ul>Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

In 2020, the unemployment rate in Ghana was at approximately 3.06 percent of the total labor force. The unemployment rate is the percentage of a country's labor force that are without jobs but are available to work and actively seeking employment. Ghana’s unemployment rate is above the worldwide unemployment rate, and compared to other Sub-Saharan African countries and other regions, Ghana has a relatively average rate of unemployment. Ghana’s population Due to the nature of its economy and its population size of over 30 million people, Ghana’s estimated GDP per capita amounts to just over 2,200 U.S. dollars in 2018 and forecast to rise continually over the next few years. Almost half of the country’s population works in the services sector, and around 33 percent work in agriculture. The population is relatively young, with only around 3 percent of the total population aged 65 years or older. Ghana’s hopeful future One of the most important economic centers of its region, Ghana’s GDP is at over 65 billion U.S. dollars, and it is projected to grow to over 97 billion U.S. dollars by 2024. Ghana is a country with several valuable natural resources, including gold, petroleum, cocoa, and natural gas. The country’s economy is particularly focused on manufacturing and exporting digital technology goods, and industrial materials. Ghana utilizes these exports domestically as well; its mixed economy is increasingly digital based. A regional leader, it has the goal of being the first African nation to become a developed country in the next decade. There are several positive indications encouraging this possibility, such as that GDP has grown each year, albeit at inconsistent rates.