See how other local areas compare by using our Unemployment Compare tool. Historical chart and data for the united states national unemployment rate back to 1948.
Historical Unemployment Rates in the United States Since 1948 The Bureau of Labor Statistics currently provides unemployment data from January 1st, 1948, right up until the present day. The national unemployment rate hit a post-World War II era high, soaring to 14.7% last month—up from 4.4% in March. Unemployment generally falls during periods of economic prosperity and rises during recessions, creating significant pressure on public finances as tax revenue falls and social safety net costs increase. The current level of the U.S. national unemployment rate as of May 2020 is 13.30. Labor force data are restricted to people 16 years of age and older, who currently reside in 1 of the 50 states or the District of Columbia, who do not reside in institutions (e.g., penal and mental facilities, homes for the aged), and who are not on active duty in the Armed Forces. More than 104,000 people filed new claims for unemployment benefits in Missouri last week, recording a number two and a half times what it was two weeks ago and 26 times higher than it …
April's unemployment rate, in perspective, is the highest since the Great Depression. These estimates are key indicators of local economic conditions. UI Trust Fund. The number of unemployed persons fell by 2.1 million to 21.0 million as those who were on temporary layoff decreased by 2.7 million to 15.3 million. According to the BLS current population survey (CPS), the unemployment rate for Missouri rose 5.8 percentage points in April 2020 to 9.7%.The state unemployment rate was 5.0 percentage points lower than the national rate for the month. Latest annual average county unemployment rates Historical county unemployment rates (ZIP 4.0M) (PDF 3.1M) How to View Zip Files. Series begin in January 1976. Unemployment Rate in Missouri Percent was 4.50% in March of 2020, according to the United States Federal Reserve. Currently 5.4 percent, Missouri saw its lowest unemployment stats since 2010 when unemployment spiked to over 10 percent. Government spending and taxation decisions (fiscal policy) and U.S. Federal Reserve interest rate adjustments (monetary policy) are important tools for managing the unemployment rate. U.S. National Unemployment Rate. St. Francois County, MO Unemployment Rate is at 5.80%, compared to 5.00% last month and 4.00% last year.
Data refer to place of residence. Browser and Display Compatibility The Missouri Division of Employment Security is an equal opportunity employer/program.
Unemployment Historic High/Low: Historic High: 28.2 (April 2020) Missouri Unemployment. Historically, Unemployment Rate in Missouri Percent reached a record high of 11.50 in February of 1983 and a record low of 2.30 in October of 1999.
Auxiliary aids and services are available upon request to individuals with disabilities. Missouri hit a record unemployment low last year, according to a report from the Bureau of Labor Statistics.. Twenty other states also reached historic lows in … Unemployment Rate - 9.8% Initial Unemployment Claims Filed - 285,789 Minimum Wage - $9.45 Potential OSHA Fines Avoided by Missouri Businesses - $0 Workers' Compensation Injuries Filed - 5,869. The unemployment rate represents the number of unemployed as a percentage of the labor force. Missouri’s unemployment rate was hanging around 3 percent before the pandemic struck the United States. Unemployment remained above 14% for nine years, from 1931 to 1940. The number of unemployed climbed by 1.559 million to 4.083 million while employment dropped by 5.371 million to 16.525 million.
TDD/TTY: 800-735-2966 Relay Missouri: 711 Historical chart and data for the united states national unemployment rate back to 1948. Overview. Unemployment Demographics.
CITY DATA Tables. The unemployment rate and labor force data on this page comes from the Local Area Unemployment Statistics (LAUS) program which is a Federal-State cooperative effort in which monthly and annual estimates of total labor force, employment and unemployment are prepared.
Since 2005 the unemployment rate in Missouri has ranged from 3.0% in May 2018 to 3.5% in June 2018. In Missouri, the increase was slightly lower at a seasonally adjusted 9.7 percent for April, up almost 6 percent from a month earlier and up 6.5 percent from 2019. Employment, Hours, and Earnings from the CES survey (State and Area) The US unemployment rate dropped to 13.3 percent in May 2020 from 14.7% in April which was the largest in records back to 1939 and below market expectations of 19.8 percent, as the economy gradually reopened. “To date, we’ve already taken more claims in the last few weeks than for the entire week of 2019.” The FPUC was created under the federal Coronavirus Aid, Relief and Economic Security Act, or the CARES Act. Compares the level and annual rate of change.