Sunday, August 9, 2009

What was the Unemployment rate last year in America? Does any1 know? Do U know why if you do?

It ranged between 4.4% in the spring to 5.0% in december. Most of the year ist was between 4.6% and 4.7%. It averaged a little over 4.6%.



Look at the site for more details on the statistics.



Im not sure what you mean by why is the unemployment rate there. There is always going to be some unemployment because it includes what is called frictional unemployment, which is peopel changing jobs, getting layed off, getting fired, just entering the workforce after school, and so on. It was very low in the spring for historical standards (full employment is usually considered around 5%). It has crept up due to the housing bust where construction workers and those in fincnail services have lost jobs. Now the general economy is begining to slow. But so far, 5% isnt that bad... the problem is it seems to be getting worse.

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