What was the unemployment rate in June 2009?
9.5 percent
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 is the unemployment rate in Kansas City Missouri?
The unemployment rate in Kansas City peaked in April 2020 at 13.4% and is now 9.2 percentage points lower….Kansas City, Missouri Unemployment History.
| Date | December 2020 |
|---|---|
| National Unemployment Rate | 6.7% |
| Missouri Unemployment Rate | 4.4% |
| Kansas City Unemployment Rate | 4.4% |
| Kansas City Unemployed | 50,957 |
What was the black unemployment rate in 2009?
Unemployment rate of workers age 16 and older by race, 1995–2018
| Year | White | Black |
|---|---|---|
| 2008 | 4.75% | 10.11% |
| 2009 | 7.80% | 14.79% |
| 2010 | 8.01% | 15.92% |
| 2011 | 7.25% | 15.84% |
What was the black unemployment rate in 2020?
11.4 percent
What is classed as long term unemployed?
Long-term unemployment refers to people who have been unemployed for 12 months or more.
Why is long term unemployment bad?
Long periods of unemployment are associated with lower incomes and financial stress. They can also be debilitating for the individuals, families and communities that are affected. For the economy as a whole, long-term unemployment reduces the effective pool of workers and increases the cost of welfare support.
What happens when a lot of people are unemployed?
The unemployment rate is the proportion of unemployed persons in the labor force. Unemployment adversely affects the disposable income of families, erodes purchasing power, diminishes employee morale, and reduces an economy’s output.