what is the current unemployment rate in the us right now?
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THE EMPLOYMENT SITUATION — JUNE 2020 Total nonfarm payroll employment rose by 4.8 million in June, and the unemployment rate declined to 11.1 percent, the U.S. Bureau of Labor Statistics reported today.
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What is the current U.S. National Debt amount? The current U.S. debt is $23.3 trillions as of February 2020.
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This downward cycle is devastating. The highest rate of U.S. unemployment was 24.9% in 1933, during the Great Depression. 1﻿ Unemployment remained above 14% from 1931 to 1940. It remained in the single digits until September 1982 when it reached 10.1%.
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West Virginia - Unemployment rate 1992-2019 In 2019, the unemployment rate in West Virginia was 4.9 percent.
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The unemployment rate for people 25 to 54 years old decreased to 4.9% in January from 5.2% in December 2016. The rate for those 55 years and older was unchanged at 4.7%.
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['Nebraska. Unemployment rate: 2.8% ... ', 'Massachusetts. Unemployment rate: 3.3% ... ', 'Wisconsin. Unemployment rate: 3% ... ', 'North Dakota. Unemployment rate: 2.6% ... ', 'New Hampshire. Unemployment rate: 2.5% ... ', 'Idaho. Unemployment rate: 2.8% ... ', 'Hawaii. Unemployment rate: 2.4% ... ', 'Minnesota.']
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The highest rate of U.S. unemployment was 24.9% in 1933, during the Great Depression. 1﻿ Unemployment remained above 14% from 1931 to 1940. It remained in the single digits until September 1982 when it reached 10.1%. 2﻿ During the Great Recession, unemployment reached 10% in October 2009.
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Louisiana's not seasonally adjusted unemployment rate increased to 14.5 percent for April 2020. Louisiana's not seasonally adjusted unemployment rate increased 8.2 percentage points from March 2020's revised not seasonally adjusted unemployment rate of 6.3 percent.
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Unemployment rate unchanged at 6.4% Ontario's unemployment rate remained at 6.4% in January 2017, as the number of people unemployed or looking for work increased by 34,300. This continues a trend of an unemployment rate under 7.0% that started two years earlier – in January 2015.
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If you are eligible to receive unemployment, your weekly benefit rate is the total amount you earned during the two highest paid quarters of the base period, divided by 46. The current minimum benefit is $20 per week; the current maximum is $400 per week.
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Trends in employment The unemployment rate (U-3) began rising from 4.7% in November 2007 and peaked at 10.0% in October 2009 as the crisis deepened, approximately where it remained until November 2010. Thereafter, it began a steady decline through the remainder of his tenure, reaching 4.7% in 2016.
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Wyoming - Unemployment rate 1992-2019 In 2019, the unemployment rate in Wyoming was 3.6 percent. This is down from a high of 6.4 percent in 2010.
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['Divide the number of unemployed workers by the number of working and non-working individuals. ... ', 'Multiply the resulting decimal number by 100 to calculate the unemployment rate. ... ', 'Subtract the employment rate from 100 to calculate the U.S. employment rate.']
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However, economists suggest that as the U.S. unemployment rate gets below 5%, the economy is very close to or at full capacity. So at 3.5% one could argue the level of unemployment is too low, and the U.S. economy is becoming inefficient.
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The unemployment rate fell from 10% to less than 5%. CBO explained that the shortfall in employment relative to a theoretical full employment level fell from nearly 10 million in 2010 to 1.6 million by late 2016. The shortfall was due to excess levels of unemployment and a decline in labor force participation.
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What 2020 Holds. Perhaps the best indicator of economic performance is unemployment. Watch unemployment closely in 2020. We're currently at 3.5% unemployment, a move up to 4% could easily mean recession, but if we drift closer to 3% in 2020 then that's likely enough to keep the economy growing.
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Unemployment in the United States increased from 4% to 25%. Additionally, one-third of all employed persons were downgraded to working part-time on much smaller paychecks. In the aggregate, almost 50% of the nation's human work-power was going unused.