What is the current unemployment rate in the US 2020?
The unemployment rate decreased by 1.0 percentage point to 6.9 percent in October 2020. That was the sixth consecutive month the rate has declined, but it was still nearly twice the February rate of 3.5 percent.
What is the lowest unemployment rate in the US history?
The national unemployment rate fell by 0.3 percentage point over the year, to 3.5 percent, the lowest jobless rate since 1969.
What is the highest unemployment rate in US history?
Unemployment Rate in the United States averaged 5.77 percent from 1948 until 2021, reaching an all time high of 14.80 percent in April of 2020 and a record low of 2.50 percent in May of 1953.
What was highest unemployment rate in 2020?
In November 2020, the state with the highest (seasonally adjusted) unemployment rate was Hawaii followed by, Nevada, and California. Unemployment was the lowest in Nebraska and South Dakota at 3.1 percent each.
What state has the highest unemployment pay?
Mississippi has the lowest maximum unemployment benefits in the U.S. of $235 per week, while Massachusetts has the highest at $823. Here are the 10 states with the highest unemployment benefits: New Jersey ($677) North Dakota ($633) Illinois ($613) Connecticut ($598) Oregon ($590) Ohio ($587) Pennsylvania ($573)
Is US unemployment at an all time low?
At the end of 2019, the unemployment rate was below the trend but no more so than in previous business cycle peaks, indicating that the labor market is no tighter. The current U.S. unemployment rate is at a 50-year low.
How bad is unemployment in America?
The American economy plunged deeper into crisis last month, losing 20.5 million jobs as the unemployment rate jumped to 14.7 percent, the worst devastation since the Great Depression. Areas like leisure and hospitality had the biggest losses in April, but even health care shed more than a million jobs.
How many people are unemployed in the US 2020?
The COVID-19 outbreak and the economic downturn it engendered swelled the ranks of unemployed Americans by more than 14 million, from 6.2 million in February to 20.5 million in May 2020.
What is the highest unemployment rate in the world?
In 2017, Burkina Faso had the highest unemployment rate in the world, at 77 percent. The 20 countries with the highest unemployment rate in 2017.
What was unemployment rate in March 2020?
THE EMPLOYMENT SITUATION — MARCH 2020 Total nonfarm payroll employment fell by 701,000 in March, and the unemployment rate rose to 4.4 percent, the U.S. Bureau of Labor Statistics reported today.