When the recession supposedly officially ended in June, 2009, the labor force participation rate was still 65.7%.
In the latest, much celebrated, unemployment report, the labor force participation rate had plummeted to 63.7%, the most rapid decline in U.S. history. That means that under President Obama nearly 5 million Americans have fled the workforce in hopeless despair.
The trick is that when those 5 million are not counted as in the work force, they are not counted as unemployed either. They may desperately need and want jobs. They may be in poverty, as many undoubtedly are, with America suffering today more people in poverty than in the entire half century the Census Bureau has been counting poverty. But they are not even counted in that 8.3% unemployment rate that Obama and his media cheerleaders were so tirelessly celebrating last week.
If they were counted, the unemployment rate today would be a far more realistic 11%, better reflecting the suffering in the real economy under Obamanomics.
The unemployment rate in October, 1984 was 7.3 %.
As of July 8, 2009, the national unemployment rate in the US was 9.7%. For current information, you can easily access reports from the U.S. Bureau of Labor Statistics by using Google's public data search. The above statistic was found at www.google.com with the query "unemployment rate USA". You can also specify by state and county.
The unemployment rate in the United States in 1932 was about 23. 6 percent. It was the height of the Great Depression.
The unemployment rate in 1910 was approximately 6%. See the Related Link below for more information.
7.50%
What is the national unemployment rate
currently (9-15-2011) it is at 9.9%.
It was nearly double the national rate.
22.9%
5.4%
California's unemployment rate for May 2012 is at 10.8% and is currently dropping at a rate of 0.1% monthly. The state is currently doing better than the national average, as the national average is climbing by 0.1% monthly.
The unemployment rate in Maryland is 7.2% . This is lower than the national average of 9.8%.
almost double
almost double
almost double
As of December 2008, Australia's unemployment rate was 4.4%.
The percentage of the total U.S workforce without jobs.