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Unemployment rates historically are lower for those groups with higher levels of education. For example, in May 2016 the unemployment rate for workers over 25 years of age was 2.5% for college graduates, 5.1% for those with a high school diploma, and 7.1% for those without a high school diploma.
In the European Union, where a debt crisis followed the financial crisis, the youth unemployment rate rose to 18% last year from 12.5% in 2007, the ILO report shows." In March 2018, according to US Unemployment Rate Statistics, the unemployment rate was 4.1%, below the 4.5–5.0% norm.
Here are some noteworthy statistics regarding how the unemployment rate has changed from 2020 to 2021: Change in unemployment rate from April 2020 to February 2021: -8.6%
The most widely accepted estimates of unemployment rates for the Great Depression are those by Stanley Lebergott from the 1950s. He estimated that unemployment reached 24.9 percent in the worst days of 1933. Another commonly cited estimate is by Michael Darby in 1976. He put the unemployment rate at a peak of 22.5 percent in 1932.
The unemployment rate settled between 4.7% and 3.9% from 1997 through 2000, while inflation ran between only 1.6% and 3.4%. In 1974, unemployment rose to 7.2%, yet inflation hit 12.3%.
The number of Americans filing new claims for unemployment benefits fell last week, pointing to underlying strength in the labor market that should continue to support the economy. Initial claims ...
Mortality rate of countries, deaths per thousand. Mortality rate, or death rate, [1] : 189, 69 is a measure of the number of deaths (in general, or due to a specific cause) in a particular population, scaled to the size of that population, per unit of time. Mortality rate is typically expressed in units of deaths per 1,000 individuals per year ...
For 2022, Hatzius and his team projects a 3.5% unemployment rate. If achieved, the unemployment rate would be at a 50-year low as the economy powers back from the COVID-19 pandemic .