What was the unemployment rate in 2008 and 2009?

In December 2007, the national unemployment rate was 5.0 percent, and it had been at or below that rate for the previous 30 months. 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 the 2008 recession?

10% (Oct 2009)
Great Recession/Peak global unemployment

What was US unemployment in 2008?

7.2 percent
In December, the number of unemployed persons increased by 632,000 to 11.1 million and the unemployment rate rose to 7.2 percent.

What was the unemployment rate in the EU in 2008?

At EU level, the unemployment rate jumped from 7.2 % in 2008 to 9.1 % in 2009, and then rose constantly until 2013, reaching 11.4 %.

What was the unemployment rate in Cyprus in 2008?

In the 5-year period between 2008 and 2013, the unemployment rate increased around four times in Cyprus (from 3.7 % in 2008 to 15.9 % in 2013) and Greece (from 7.8 % in 2008 to 27.5 % in 2013), while it doubled in nine other EU Member States over the same period.

When did unemployment increase in the European Union?

In 2008, the financial crisis took place. Unemployment then increased between 2008 and 2009 in almost all EU Member States (similarly to what has been seen with the COVID-19 crisis in 2020), Baltic countries were the most impacted with the largest increase found in Latvia (+9.8 p.p.), followed by Estonia and Lithuania (both +8.0 p.p.).

When did the United States unemployment rate change?

The interactive line chart (see Tool 1) shows how each country’s unemployment rate has changed since 2005.

When does the 52 week unemployment period start?

Applying for unemployment benefits starts a “benefit year” for that individual. A benefit year is the 52-week period following the date you filed a claim. Someone who filed for unemployment in March 2020 would have a benefit year that lasts until March 2021, for example.

When was the last time the unemployment rate was over 10 percent?

Before this, the most recent months with unemployment rates over 10.0 percent were September 1982 through June 1983, during which time the unemployment rate peaked at 10.8 percent.

When do you get unemployment benefits when you get laid off?

Someone who filed for unemployment in March 2020 would have a benefit year that lasts until March 2021, for example. Jobless workers can collect benefits over that period, even through multiple waves of unemployment.