What was the unemployment rate in December 2008?

A sobering U.S. Labor Department jobs report Friday showed the economy lost 524,000 jobs in December and 1.9 million in the year’s final four months, after the credit crisis began in September. The unemployment rate rose to 7.2% last month from 6.7% in November – its highest rate since January 1993.

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.

How many jobs were lost in the United States in 2008?

“It’s just an enormous acceleration of job losses.”. By comparison, the 2.6 million jobs lost in 2008 nationwide were equal to the number of jobs found in states such as Wisconsin, Missouri or Maryland.

What was the under employment rate in 1994?

The so-called under-employment rate, which counts those part-time workers as well as those without jobs who have become discouraged and stopped looking for work, rose to a record 13.5% from 12.6%. Calculations for that measure began in January 1994.

When do you get paid after being fired from a job?

So, if you find a new job after three months, making the same or higher pay, your former employer only needs to pay you for the three months you were without a job. You’re considered to have mitigated your damages from that point on – and your entitlement to severance pay comes to an end.