Unemployment rate

“ Within the 80's we expect to bring down the unemployment rate further to 4 percent. Perhaps we should call attention to the fact that even in the United States unemployment some­times reaches as high as 8 percent.
It will be noted parenthetically here that our population program has succeeded in reducing the high growth rate from 3.01 percent as of the close of the 60's to 2.38 percent as of the end of 1979. ”

“ As of April, the unemployment rate for all youth, 16 through 19 years of age, was 19.4 percent. Among black teenagers, that rate was 44.8 percent. If a 19.4-percentage unemployment rate is unacceptable—and it is—then a 44.8-percent unemployment rate is a national tragedy. ”

“ And neither am I, because our economy isn't numbers, it's people and how their lives are affected. And still today, all across America, more than 16 million of us are looking for full-time jobs and can't find them. Our unemployment rate, at 7.1 percent, is over 7 percent for 14 months now and still higher than it was at what we thought was the bottom of the recession. Our country is simply not producing enough new jobs, even in the recovery. And we're having a harder time hanging on to the good jobs that give people a good standard of living and give their children a good future. ”

“ Maybe those of us who went through the Great Depression have some kind of complex, but to me as long as there is one single person able and willing to work but unable to find work, that is too high an unemployment rate. I wonder though if the news media couldn't serve us better if they would give us more of the statistical information on unemployment provided by the Bureau of Labor Statistics.
Let me explain. The rise in the unemployment rate from 9 to 9.4 percent is in what are called the seasonally adjusted figures. Now, I'm not sure that we live in a seasonally adjusted world. ”

“ I have proposed and delivered four rounds of tax relief, and our economy is creating jobs again. We have added over 1.9 million jobs in the past 13 months, more than Germany, Japan, Great Britain, Canada and France combined. The unemployment rate is 5.4 percent, lower than the average rate of the 1970s, 1980s and 1990s. ”

“ After losing about 800,000 jobs a month when I took office, our businesses have now added 5.2-million new jobs over the past two and a half years. And on Friday, we learned that the unemployment rate is now at its lowest level since I took office. More Americans are entering the workforce. More Americans are getting jobs. ”

“ Along with inflation, unemployment was a major area of concern. The aggregate employment level reached 18.7 million as of the first quarter of 1984. This implies an increase in unemployment rate to 6.3 percent from only 5.9 percent for the comparable period last year. ”

“ For the first time in more than six years, the unemployment rate is below 6%. Over the past four and a half years, our businesses have created more than ten million new jobs. That’s the longest uninterrupted stretch of private sector job creation in our history. ”

“ The unemployment rate is at its highest point in twenty-five years. We are still in the midst of a deep recession that was years in the making, and it will take time to fully turn this economy around. ”

“ This number will likely increase at the average rate of 360 thousand every year for the next five years. If we are merely to prevent the unemployment rate from increasing, we must create job opportunities for this number of people each year. ”

“ After four years of economic growth with eight million new private sector jobs, our unemployment rate is the lowest it’s been in more than five years. And with the economy speeding up, companies say they intend to hire more people this year. ”

“ They've seen the unemployment rate go from 3.9 percent one year ago to 6.4 percent last month. We'll get new economic and unemployment numbers, as you well know, on Friday.
But the President understands, and I think Congress does, too, that the American people are hurting and are in need of some help. Each and every day we hear and the American people hear the stats, the government statistics that underscore the challenges that we face as a people and that we face as a country. ”

“ As you know, the unemployment rate dropped in January and then held to that level in February. I've said before, unemployment always lags behind the rest of the recovery. But the rate will be heading downward. The other economic indicators are too encouraging for it to hold out much longer.
We here in Washington can ease the transition for the cyclically unemployed with short-term help. We can move up job opportunities by accelerating certain government projects and aiding those in deep distress. ”

“ The unemployment rate has fallen in 46 out of the 50 states over the last year. And many of the new jobs are being created in industries that pay above average wages, such as construction and education and manufacturing. ”

“ National unemployment claims have reached historic levels. In the days between the national emergency declaration and May 23, 2020, more than 41 million Americans filed for unemployment, and the unemployment rate reached 14.7 percent. In light of this and other developments, I have determined that, without intervention, the United States faces the likelihood of a potentially protracted economic recovery with persistent high unemployment. ”

“ The economy has had difficulty generating enough jobs for new entrants into the labor force, resulting in a high unemployment rate, but the upward trend in growth recently pushed the jobless rate below 10%. ”

“ I will tell you—I think a lot of the American people do not know this— that for the past 40 years—40 years, four decades—under both Democratic and Republican administrations, whenever the unemployment rate has been above 7.2 percent—and today we are at 9.8 percent unemployment—always, whether the Democrats were in control, the Republicans were in control, the President was Democrat, the President was Republican, what people did was say: We have to extend unemployment benefits. ”

“ The unemployment rate has steadily declined, to 5.6 percent from 6.3 percent a year ago. With more jobs, and lower unemployment, we are seeing rising consumer confidence, higher incomes, continued gains in the rate of home ownership, and a restored sense of opportunity. ”

“ They're better and higher paying, too, which is one reason why the real income of the average American has been rising steadily for the last 5 years. The percentage of Americans employed is the highest in history, and the unemployment rate continues to drop down to its lowest level since 1974. ”

“ They’ve now created jobs for 69 straight months, driving the unemployment rate from a high of 10% down to 5%.
Seven years ago, too many Americans went without health insurance. We’ve now covered more than 17 million people, dropping the rate of the uninsured below 10% for the very first time. ”

“ New jobless claims came out today that showed those claims at the highest point since October of 1982, with 626,000 new applications for jobless claims. And I think we all expect that tomorrow's unemployment numbers are likely to show this country with the highest unemployment rate in 17 years.
So the President continues to watch what happens on Capitol Hill, and I think we're making progress toward getting a package that he thinks -- the ballpark and the fundamentals at least that he thinks will move our economy forward and create jobs. ”

“ In fact, it’s been a bright spot as we keep fighting to recover from the great recession. Last month, our businesses added 236,000 new jobs. The unemployment rate fell to under six percent for the first time in more than six years. ”

“ Retail sales surged. Auto sales registered their best year since 1979. And we had the steepest drop in the unemployment rate in more than 30 years. Yesterday we learned that unemployment for all workers in February dropped to 7.7 percent. ”

“ In Virginia, the unemployment rate has surged to its highest level in more than a decade -- and it might have been a lot worse were it not for the leadership of Governor Tim Kaine and former governor, now Senator Mark Warner. Unemployment claims have doubled in recent months compared to last year. Nationwide, we've lost 3.6 million jobs since this recession began -- nearly 600,000 this past month alone. ”

“ Unemployment has fallen below five percent. Last year, the typical household saw its income grow by about twenty-eight hundred dollars – the biggest one-year increase ever. And the uninsured rate is at an all-time low. ”

“ Only un will exert a meaningful pressure on wages. A major dynamic process is that um rises over time, contributing to the phenomenon of hysteresis. Labour market processes and wage settlements might stay stable in terms of un, i.e. the “normal” unemployment rate, but they shift in terms of u, the overall unemployment rate.
One may wonder why M is nonzero, when its abolition would create employment ume. The apparent reason for governments is that labour markets are not fully competitive and require some regulation. This issue is taken up again in the next chapter on subsistence. ”

“ My feelings of sorrow for those bearing the burden of unemployment are every bit as deep as yours. But you seem to write off or ignore the fact that unemployment was high in 1979 and went higher in 1980. Indeed, in the spring of '80, 1,400,000 workers were laid off or lost their jobs in a period of only a few months. In the last half of 1980, the money supply increased at an all-time high rate of 13 percent. Interest rates went right up with it to a 100-year high of 21 1/2 percent. ”

“ Unemployment is a social problem and not merely an individual problem.
§ 15. #Maladjustment of wages causing unemployment.# It seems highly probable that the artificial maintenance of a wage above the competitive, or value-equilibrium, rate of the individual, whether this be done by sympathy, by custom, or by the action of trade unions, must cause some maladjustment of workers in relation to available jobs and thus increase unemployment. To doubt this is again to maintain the absolute inelasticity of the demand for labor with changes in its price. ”

“ In addition, unemployment had become a serious issue for the government. Despite average annual 7% growth in 1991-94, unemployment surprisingly has doubled - due mostly to layoffs in government bureaus and in privatized industrial firms and utilities and, to a lesser degree, to illegal immigration. Much remains to be done in the 1990s in dismantling the old statist barriers to growth, extending the recent economic gains, and bringing down the rate of unemployment. ”

“ The scheme applies only to unions suffering from abnormal unemployment. There are also conditions that they "should not pay unemployment benefit above a maximum rate of 17s. per week, including any sum paid by way of State unemployment benefit," and that they "should agree while in receipt of the emergency grant to impose levies over and above the ordinary contributions upon those members who remain fully employed." ”

“ The supply of goods has outstripped the limits of effective demand and sales gradually decline as warehouses become full. The rate of slackening increases; statisticians begin to watch the rapidly ascending unemployment curve, which in itself does not record the full slackening, as many workers are on short time. This increase of unemployment still further weakens the effective demand for goods and still further accelerates the growth of unemployment, with the result that in about another year the unemployment crisis is reached, soup kitchens and relief works open ”

“ Economists from across the spectrum have warned that if we don't act immediately, millions of more jobs will be lost. The national unemployment rates will approach double digits not just here in Elkhart, all across the country. More people will lose their homes and their health care. And our nation will sink into a crisis that at some point we may be unable to reverse. ”