Monday, February 09, 2009

Recession Info Center: Summary of employment


Recession Info Center: Summary of employment
"The United States has experienced several episodes of high unemployment in its modern history:

1933-1934: The years 1933-1934 saw the unemployment rate reaching close to
25%,
which gradually went down to 15% by 1940.

1957-1958: Unemployment rate reached 7.5% for a short period.

1975-1976: Unemployment rate maxed at 9%.

1981-1982: Unemployment rate peaked at 10.4%.

1986-1987: Unemployment peaked at 7.2%.

1992-1993: Unemployment peaked at about 7.9%.

2002-2003: Unemployment rate reached 6.3%.

2008-2009: ???"

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