When was the highest unemployment rate in history?

When was the highest unemployment rate in history?

The unemployment rate has varied from as low as 1% during World War I to as high as 25% during the Great Depression. More recently, it reached notable peaks of 10.8% in November 1982 and 14.7% in April 2020.

What is the historical trend of the unemployment rate?

Unemployment Rate in the United States averaged 5.75 percent from 1948 until 2022, reaching an all time high of 14.70 percent in April of 2020 and a record low of 2.50 percent in May of 1953.

What was the black unemployment rate in 2008?

10.1 percent
Among the major race and ethnicity groups, blacks had the highest unemployment rate in 2008, at 10.1 percent, compared with 7.6 percent for Hispanics, 5.2 percent for whites, and 4.0 percent for Asians.

What ended the 1980 recession?

The official end of the recession was established as of July 1980. As interest rates dropped beginning in May, payrolls turned positive. Unemployment among auto workers rose from a low of 4.8% in 1979 to a record high of 24.7%, then fell to 17.4% by the end of the year.

What is the life expectancy in high unemployment areas?

Life expectancy varied substantially by time period, sex, and unemployment level, ranging from 69.5 years for men in high unemployment areas in 1990–1992 to 82.7 years for women in low unemployment areas in 2006–2010 (Table 1 and Figure 1).

What is the average life expectancy in the world?

Since then life expectancy doubled in all world regions. In Oceania life expectancy increased from 35 years before the health transition to 79 years in 2019. In Europe from 34 to 79 years. In the Americas from 35 to 77 years.

What was the life expectancy of a newborn in 1950?

But elsewhere a newborn could only expect to live around 30 years. The global inequality in health was enormous in 1950: People in Norway had a life expectancy of 72 years, whilst in Mali this was 26 years. Africa as a whole had a life expectancy of only 36 years.

How big is the inequality of life expectancy across countries?

The inequality of life expectancy is still very large across and within countries. in 2019 the country with the lowest life expectancy is the Central African Republic with 53 years, in Japan life expectancy is 30 years longer.