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Current U.S. Unemployment Rate

By Kimberly Amadeo, About.com

Nov 6 2009
The current unemployment rate has more than doubled since the recession began in December 2007. It will continue to edge upward, even after the economy starts to improve. That's because employers resist hiring new workers until they are absolutely sure the economy will stay strong. For this reason, the unemployment rate is a lagging indicator. Although it is not good for predicting trends, it is useful for confirming trends.

The current unemployment rate is reported monthly in the Employment Report by the Bureau of Labor Statistics. Here is a history of the current unemployment rate statistics for every month since March 2007.

2009 Unemployment Statistics

October: Unemployment rose to 10.2%. If this continues for nine more months, it will be as bad as the 1982 recession.

September - The unemployment rate rises to 9.8%.

August - The unemployment rate is now 9.7%.

July - Unemployment stays at 9.5%. Job loss trend worsens when compared to last year.

June - Unemployment continued to climb, affecting 14.7 million people, or 9.5% of the work force.

May - Unemployment rose to 9.4%, which means 14 million workers were without jobs.

April - The unemployment rate rose to 8.9% with 13.7 million workers unemployed.

March - Over 694,000 workers became unemployed in March, bringing the total count to 13.1 million and the unemployment rate to 8.5%.

February - The number of unemployed workers increased by 851,000, driving the unemployment rate to 8.1%.

January - The economy lost 598,000 jobs, driving the unemployment rate to 7.6%.

2008 Unemployment Statistics

December - Unemployment rose to 7.2%, increasing faster than in the 2001 recession.

November - Unemployment rose to 6.7%.

October - The economy lost 240,000 jobs from the prior month, and unemployment remained at 6.5%, a 14-year high.

September - The economy lost 156,000 jobs from the prior month, and unemployment remained at 6.1%.

August - The economy lost 84,000 jobs from the prior month, and unemployment increased to 6.1%.

July - The economy lost 51,000 jobs from the prior month, and 150,000 in the last year (11% decline). Unemployment increased to 5.5%.

June - The economy lost 62,000 jobs in June, a decline of .22% from the prior year.

May - The economy lost 49,000 jobs from the prior month, 150,000 in the last year and unemployment increased to 5.5%.

April - The economy lost 20,000 jobs from the prior month, but only gained .18% year over year, showing a worsening trend.

March - The economy lost 80,000 jobs since last month, the worst loss since the last recession.

February - The economy lost 63,000 jobs in February when compared to January, and only gained .4% when compared year-over-year.

January - For the first time since 2003, the economy lost jobs (16,000), and year-over-year growth was only .6%.

2007 Unemployment Statistics

December - Unemployment rose to 5%. Year-over-year, manufacturing jobs were down 1.5%. This was the worst performance this year.

November - Only 94,000 new jobs were added, an increase year-over-year of only 1.1%, the worst since 2004. Manufacturing jobs were down 1.3% from the prior year.

October - Year-over-year employment was up only 1.2%, the worst since 2004. Manufacturing jobs were down 1.6% since the prior year.

September - Jobs increased 1.2% year-over-year, the weakest job growth since 2004. Manufacturing jobs declined 1.6% from the year before.

August - Since the previous month, 4,000 jobs were eliminated in the overall economy. Manufacturing jobs declined 1.5% from the year before.

July - Only 92,000 jobs were created in July, which resulted in a 1.4% increase from the year before. Manufacturing jobs declined 1.2% from the year before.

June - Although jobs overall increased 1.5% year-over-year, manufacturing jobs declined 1.3%.

May - There were 1.2% fewer manufacturing jobs than the year before, despite an increase of jobs overall of 1.5%.

April - Although jobs increased 1.4%, manufacturing jobs declined 1.1% year-over-year.

March - Employment increased 1.4%, dragged down by a .6% decline in manufacturing jobs.

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