What was the employment rate in 2009?

What was the employment rate in 2009?

At the end of the recession, in June 2009, it was 9.5 percent. In the months after the recession, the unemployment rate peaked at 10.0 percent (in October 2009).

What was the unemployment rate in April 2009?

8.9 percent
The national unemployment rate was 8.9 percent in April 2009.

What was the unemployment rate in May 2009?

9.4 percent
The number of unemployed persons increased by 787,000 to 14.5 million in May, and the unemployment rate rose to 9.4 percent.

How many people were jobless in 2009?

In November, both the number of unemployed persons, at 15.4 million, and the unemployment rate, at 10.0 percent, edged down. At the start of the recession in December 2007, the number of unemployed persons was 7.5 million, and the jobless rate was 4.9 percent.

Why was unemployment so high in 2009?

The collapse of the housing bubble in 2007 and 2008 caused a deep recession, which sent the unemployment rate to 10.0% in October 2009 – more than double is pre-crisis rate.

How long did it take to recover from 2008 recession?

Long-Term Unemployment Rose to Historic Highs It took six years from the end of the Great Recession to reach that rate, which it did in June 2015. The long-term unemployment rate continued to edge down, reaching 0.9 percent by the end of 2017.

Why was the unemployment rate so high in 2009?

Who is to blame for the Great Recession of 2008?

The Biggest Culprit: The Lenders Most of the blame is on the mortgage originators or the lenders. That’s because they were responsible for creating these problems. After all, the lenders were the ones who advanced loans to people with poor credit and a high risk of default. 7 Here’s why that happened.

What was January 2009 unemployment?

7.6 percent
Both the number of unemployed persons (11.6 million) and the unemployment rate (7.6 percent) rose in January. Over the past 12 months, the number of unemployed persons has increased by 4.1 million and the unemployment rate has risen by 2.7 percentage points.

What was the unemployment rate in January 2008?

4.9 percent
The unemployment rate (4.9 percent) was essentially unchanged in January. The unemployment rate for teenagers (18.0 percent) was higher than that of other age groups.

Who lost their jobs during the Great Depression?

During the Great Depression, millions of U.S. workers lost their jobs. By 1932, twelve million people in the U.S. were unemployed.

What was the number of part time jobs in 2008?

A growing number of workers seeking full-time jobs were able to find only part-time work. Those working part-time jobs – because they couldn’t find full-time work, or their hours had been cut – jumped by 715,000 people to 8 million, the highest since such records were first kept in 1955.

Where can I find more information about hired?

Contact us by phone or complete our contact form, and we will respond as quickly as we can. For more details about our programs as well as health, childcare or other resources, please visit hired.org/community-resources.

What does platform to employment re-entry do?

Platform to Employment Re-Entry provides formerly incarcerated individuals with work readiness and career development training. The core of the training focuses on life skills and professional development training to enhance confidence and improve employment opportunities.

How is the platform to employment 2.0 program modeled?

The program is modeled after the nationally recognized Platform to Employment (P2E) program which was designed to reconnect the long-term unemployed with the workforce and has assisted over 80% of graduates to secure employment.

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