The seasonally-adjusted national unemployment rate is measured on a monthly basis in the United States. In October 2024, the national unemployment rate was at 4.1 percent. Seasonal adjustment is a statistical method of removing the seasonal component of a time series that is used when analyzing non-seasonal trends. U.S. monthly unemployment rate According to the Bureau of Labor Statistics - the principle fact-finding agency for the U.S. Federal Government in labor economics and statistics - unemployment decreased dramatically between 2010 and 2019. This trend of decreasing unemployment followed after a high in 2010 resulting from the 2008 financial crisis. However, after a smaller financial crisis due to the COVID-19 pandemic, unemployment reached 8.1 percent in 2020. As the economy recovered, the unemployment rate fell to 5.3 in 2021, and fell even further in 2022. Additional statistics from the BLS paint an interesting picture of unemployment in the United States. In November 2023, the states with the highest (seasonally adjusted) unemployment rate were the Nevada and the District of Columbia. Unemployment was the lowest in Maryland, at 1.8 percent. Workers in the agricultural and related industries suffered the highest unemployment rate of any industry at seven percent in December 2023.

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.

In February 2025, the unemployment rate for those aged 16 and over in the United States came to 4.5 percent. Service occupations had an unemployment rate of 6.3 percent in that month. The underemployment rate of the country can be accessed here and the monthly unemployment rate here. Unemployment by occupation in the U.S. The United States Bureau of Labor Statistics publish data on the unemployment situation within certain occupations in the United States on a monthly basis. According to latest data released from May 2023, transportation and material moving occupations experienced the highest level of unemployment that month, with a rate of around 5.6 percent. Second ranked was farming, fishing, and forestry occupations with a rate of 4.9 percent. Total (not seasonally adjusted) unemployment was reported at 3.6 percent in March 2023. Other data on the U.S. unemployment rate by industry and class of worker shows comparable results. It should be noted that the data were not seasonally adjusted to account for normal seasonal fluctuations in unemployment. The monthly unemployment by occupation data can be compared to the seasonally adjusted monthly unemployment rate. In March 2023, the seasonally adjusted unemployment rate was 3.5 percent, which was an increase from the previous month. The annual unemployment rate in 2022 was 3.6 percent, down from a high of 9.6 in 2010. Unemployment in the United States trended downward after the coronavirus pandemic, and is now experiencing consistently low rates - a sign of economic stability. Individuals who opt to leave the workforce and stop looking for employment are not included among the unemployed. The civilian labor force participation rate in the U.S. rose to 62.2 percent in 2022, down from 67.1 percent in 2000, before the financial crisis.

The seasonally-adjusted national unemployment rate is measured on a monthly basis in the United States. In February 2025, the national unemployment rate was at 4.1 percent. Seasonal adjustment is a statistical method of removing the seasonal component of a time series that is used when analyzing non-seasonal trends. U.S. monthly unemployment rate According to the Bureau of Labor Statistics - the principle fact-finding agency for the U.S. Federal Government in labor economics and statistics - unemployment decreased dramatically between 2010 and 2019. This trend of decreasing unemployment followed after a high in 2010 resulting from the 2008 financial crisis. However, after a smaller financial crisis due to the COVID-19 pandemic, unemployment reached 8.1 percent in 2020. As the economy recovered, the unemployment rate fell to 5.3 in 2021, and fell even further in 2022. Additional statistics from the BLS paint an interesting picture of unemployment in the United States. In November 2023, the states with the highest (seasonally adjusted) unemployment rate were the Nevada and the District of Columbia. Unemployment was the lowest in Maryland, at 1.8 percent. Workers in the agricultural and related industries suffered the highest unemployment rate of any industry at seven percent in December 2023.

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.

Youth unemployment stood at 9.7 percent in February 2025. Seasonal adjustment is a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends. The unemployment rate by state can be found here, and the annual national unemployment rate can be found here. Youth unemployment in the United States The United States Bureau of Labor Statistics track unemployment of persons between the ages of 16 and 24 years each month. In analyzing the data, the Bureau of Labor Statistics performed a seasonal adjustment—removing seasonal influences from the time series, such that one month’s rate of unemployment could be analyzed in comparison with another month’s rate of unemployment. During the period in question, youth unemployment ranged from a high of 9.9 percent in April 2021, to a low of 6.5 percent in April 2023. The national youth unemployment rate can be compared to the monthly national unemployment rate in the United States, although youth unemployment tends to be much higher due to higher rates of participation in education. In May 2023, U.S. unemployment was at 3.7 percent, compared with 7.4 percent amongst those 16 to 24 years old. Additionally, as of May 2023, Nevada had the highest state unemployment rate of all U.S. states, at 5.4 percent.

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.

Unemployment Rate in Massachusetts was 3.80% in March of 2022, according to the United States Federal Reserve. Historically, Unemployment Rate in Massachusetts reached a record high of 16.30 in April of 2020 and a record low of 2.20 in October of 2000. Trading Economics provides the current actual value, an historical data chart and related indicators for Unemployment Rate in Massachusetts - last updated from the United States Federal Reserve on March of 2025.

In February 2025, the national unemployment level of the United States stood at about 7.05 million unemployed persons. Seasonal adjustment is a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends.

Unemployment Rate in Berkshire County, MA was 4.20% in December of 2024, according to the United States Federal Reserve. Historically, Unemployment Rate in Berkshire County, MA reached a record high of 18.40 in April of 2020 and a record low of 2.30 in October of 2000. Trading Economics provides the current actual value, an historical data chart and related indicators for Unemployment Rate in Berkshire County, MA - last updated from the United States Federal Reserve on March of 2025.

Unemployment Rate in Middlesex County, MA was 3.70% in December of 2024, according to the United States Federal Reserve. Historically, Unemployment Rate in Middlesex County, MA reached a record high of 13.40 in April of 2020 and a record low of 1.80 in October of 2000. Trading Economics provides the current actual value, an historical data chart and related indicators for Unemployment Rate in Middlesex County, MA - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Unemployment Rate in Suffolk County, MA (MASUFF5URN) from Jan 1990 to Jan 2025 about Suffolk County, MA; Boston; MA; unemployment; rate; and USA.

Unemployment Rate in Hampshire County, MA was 3.80% in December of 2024, according to the United States Federal Reserve. Historically, Unemployment Rate in Hampshire County, MA reached a record high of 12.90 in April of 2020 and a record low of 1.80 in October of 2000. Trading Economics provides the current actual value, an historical data chart and related indicators for Unemployment Rate in Hampshire County, MA - last updated from the United States Federal Reserve on March of 2025.

Nantucket County, MA - Unemployment Rate in Nantucket County/town, MA was 9.40% in December of 2024, according to the United States Federal Reserve. Historically, Nantucket County, MA - Unemployment Rate in Nantucket County/town, MA reached a record high of 34.70 in April of 2020 and a record low of 0.60 in August of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for Nantucket County, MA - Unemployment Rate in Nantucket County/town, MA - last updated from the United States Federal Reserve on March of 2025.

According to predictions for 2019 to 2025, the unemployment rate will remain relatively stable in most world regions. In 2024 and 2025, it is estimated to be highest in Central and Western Asia followed by Africa and Latin America and the Caribbean. On the other hand, it was estimated to be lowest in Southeast Asia and The Pacific.

As per Cognitive Market Research's latest published report, the Global PEX Pipe market size will be $8,758.65 Million by 2028. PEX Pipe Industry's Compound Annual Growth Rate will be 6.16% from 2023 to 2030.

Asia Pacific PEX Pipe market size will be USD 3,345.81 Million by 2028. 

Factors Affecting the PEX Pipe Market

Rapid Growth in Construction Industry 

The global construction industry has been growing at a steady pace in the last few years. According to the Construction Association in the US, the construction industry contributes around USD 1.3 trillion in construction activities, thereby driving the growth of the market.

The increased per capita income in emerging economies such as China and India, and reduced unemployment in developed countries are driving the construction industry. Increasing economic growth is expected to fuel investments in new buildings and the improvement of existing facilities. In the US, the spending on the private sector’s construction activities is expected to reach around 1 billion by 2021. Moreover, according to the US

Bureau of Economics, the construction industry’s contribution to the US economy reached over USD 650 billion since 2008. This has led to the increased adoption of the PEX pipes in the construction industry, thereby driving the growth of the market.

Increased construction activities in the developing countries in India, is one of the significant factors, which drives the demand for the PEX pipes. India is expected to make an investment of around USD 777.7 billion by 2023. The increased investment in construction activities in developing countries has led to the increased adoption of the PEX pipes, thereby driving the growth of the market.

Restructuring of the buildings is occurring in developed countries during its expansion process. Countries with tourism prospects are increasing facilities for visitor accommodation, which is boosting the construction industry. The rapid growth in the construction industry is attributed to high economic growth in developing economieslow interest rates in most developed countries, rising demand for elderly-friendly infrastructure, and technological advancement. Developments in the construction industry are expected to continue owing to growing investment in green energy production capability and urbanization. The PEX pipes are used in construction activities, thus boosting the market during the forecast period.

Advantages of affordability and high resistance are driving market demand 

Restraints for PEX Pipe Market

High Market Fragmentation. (Access Detailed Analysis in the Full Report Version)

Opportunities for PEX Pipe Market

Growth in E-commerce and Emerging market. (Access Detailed Analysis in the Full Report Version)

Introduction of PEX Pipe

PEX pipe is cross linked made from polyethylene. The PEX Pipe has three types PE-Xa which is cross-linked using peroxide technology, PE-Xb cross linking through silane method technology and PE-Xc using irradiation method. It is used in building services, pipework systems, hydronic radiant heating and cooling system, domestic water piping, insulation for high tension electric cables. It is also used for natural gas and offshore applications, chemical transportation, transportation of sewage and slurries, it is used for residential water pipes. It is used for water supply, plumbing heating applications. The PEX pipe used in construction industries, automotive, commercial, residential applications.

The benefits of PEX pipe that provides fire proof, safe installation, low-maintenance, cost-effective, UV resistant, Corrosion, abrasion, temperature resistant. It provides durability in harsh environment and even at high operating temperature. The PEX pipe have proven their efficacy in varied applications, which increase their demand in the market.

The PEX market is segmented into HDPE, LDPE, PE-Xa type and its applications are in Automotive, Mining, Appliances.

There is increase in the demand for PEX pipe in Automotive industry and is used for automotive cables and wire. PEX pipe are corrosion and temperature resistant, the key players used pre-insulated carrier pipes used in the automotive cables and wires to ensure safety of user. The increasing demand of automotive vehicles and components increases the demand for PEX pipe.

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The unemployment rate of the United Kingdom was 4.4 percent in January 2025, unchanged from the previous month. Before the arrival of the COVID-19 pandemic, the UK had relatively low levels of unemployment, comparable with the mid-1970s. Between January 2000 and the most recent month, unemployment was highest in November 2011 when the unemployment rate hit 8.5 percent. Will unemployment continue to rise in 2025? Although low by historic standards, there has been a noticeable uptick in the UK's unemployment rate, with other labor market indicators also pointing to further loosening. In December 2024, the number of job vacancies in the UK, fell to its lowest level since May 2021, while payrolled employment declined by 47,000 compared with November. Whether this is a continuation of a broader cooling of the labor market since 2022, or a reaction to more recent economic developments, such as upcoming tax rises for employers, remains to be seen. Forecasts made in late 2024 suggest that the unemployment rate will remain relatively stable in 2025, averaging out at 4.1 percent, and falling again to four percent in 2026.
Demographics of the unemployed As of the third quarter of 2024, the unemployment rate for men was slightly higher than that of women, at 4.4 percent, compared to 4.1 percent. During the financial crisis at the end of the 2000s, the unemployment rate for women peaked at a quarterly rate of 7.7 percent, whereas for men, the rate was 9.1 percent. Unemployment is also heavily associated with age, and young people in general are far more vulnerable to unemployment than older age groups. In late 2011, for example, the unemployment rate for those aged between 16 and 24 reached 22.3 percent, compared with 8.2 percent for people aged 25 to 34, while older age groups had even lower peaks during this time.

In the fourth quarter of 2024, the unemployment rate in the information industry in the United States stood at 3.9 percent, increasing from 3.1 percent in the same quarter of 2023. In 2020, the tech industry was hit hard by the economic recession brought about by the COVID-19 pandemic, registering a record 12 percent unemployment rate during the second quarter. Information industry in the U.S. The U.S. information industry consists of those businesses involved in the production or distribution of information, those involved in providing a means to distribute information and data, and those involved in data processing. More specifically, the sector is comprised of six segments: publishing industries (except internet), motion picture and sound recording industries, broadcasting (except internet), telecommunications, data processing/hosting, and other information services. Employment in the U.S. information industry As a whole, the sector employs nearly three million people around the United States and accounts for a significant portion of the country’s entertainment industry. As unemployment has fallen, average hourly earnings within the sector have also risen sharply within the past decade, now amounting to almost 45 dollars per hour. This trend towards more favorable employment conditions comes at a time when union membership within the industry declined to 8.4 percent in 2022.

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.

Unemployment in the European Union has reached its low point in the twenty-first century in 2024. The share of the labour force out of work was slighly under 5.9 percent between August and November of that year, a marked decrease from its most recent peak of 7.8 percent in the Summer of 2020. While the jobs recovery has been strong in the wake of the Coronavirus pandemic in the EU, this number is still far above the remarkably low rate in the United States, which has reached 4.3 percent in 2024. Nevertheless, this recent decline is a positive development for the EU countries, many of which have long suffered from chronic unemployment issues. In some regional labour markets in the EU, the issue is now less of people who can't find work, but employers who cannot find employees, leading to labour shortages. The sick men of Europe Several EU member states have long had high unemployment rates, with the large numbers of people in long-term unemployment being particularly concerning. Italy, France, Greece, Spain, and Portugal have all had double-digit unemployment rates for significant amounts of time during this period, with the ability of people to freely migrate to other EU countries for work only marginally decreasing this. While these countries have long dealt with these issues due to their declining legacy industries and the struggle of competing in a liberalized, globalized economy, their unemployment rates reached their highest points following the global financial crisis, great recession, and Eurozone crisis. These interconnected crises led to a period of prolonged stagnation in their economies, with unemployment reaching as high as 25 percent in Greece, the worst affected economy.