Unemployment rate projections through 2020

    • What is the latest unemployment rate?

      Unemployment stayed above 14% for nine years between 1931 and 1940. 9 The unemployment rate reached a record of 24.8% in 1933 after a few years of increasing. April 2020's unemployment rate skyrocketed to 14.7% in only one month.



    • What percent of Americans are unemployed?

      unemployed accounted for 23.9 percent of all unemployed persons in March. (See table A-12.) The labor force participation rate, at 62.4 percent, changed little in March. The employment-population ratio increased by 0.2 percentage point to 60.1 percent. Both measures remain below their February 2020 values (63.4 percent and 61.2 percent, respectively).


    • [PDF File]Employment Projections 2020-2030 - U.S. Bureau of Labor ...

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      EMPLOYMENT PROJECTIONS — 2020–2030. Total employment is projected to grow from 153.5 million to 165.4 million over the 2020–30 decade, an increase of 11.9 million jobs, the U.S. Bureau of Labor Statistics reported today. This increase reflects an annual growth rate of 0.7 percent, which is higher than recent projections cycles and ...


    • [PDF File]An Overview of the Economic Outlook: 2021 to 2031

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      that began in mid-2020 will continue (see Table 1). Specifically, real (inflation-adjusted) gross domestic product (GDP) is projected to return to its prepandemic level in mid-2021 and to surpass its potential (that is, its maximum sustainable) level in early 2025. In CBO’s projections, the unemployment rate gradually declines


    • [PDF File]EMPLOYMENT PROJECTIONS — 2022 2032 - U.S. Bureau of Labor ...

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      Total employment is projected to grow 0.3 percent annually from 164.5 million in 2022 to 169.1 million in 2032. This projected growth is much slower than the 1.2-percent annual employment growth in the 2012−22 decade, which was marked by strong recovery growth following the 2007−09 Great Recession and 2020 COVID-19 recession.


    • [PDF File]Recessions and the Trend in the US Unemployment Rate

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      causing the unemployment rate to regularly fall below its previous low point and generating a downward trend in the unemployment rate.8 In February 2020, the unemployment rate fell to 3.5 percent, its lowest level since 1969. I also estimate the relationship between recessions and the unemployment rate with a statistical model called a vector


    • [PDF File]Summary of Economic Projections - Federal Reserve Board

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      on December 15–16, 2020, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2020 to 2023 and over the


    • [PDF File]An Update to the Economic Outlook: 2020 to 2030

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      The Economic Outlook for 2025 to 2030. he economy continues to expand during the sec-ond half of the decade in CBO’s projections. Output grows at an average annual rate of 2.1 percent over the 2025–2030 period—faster than the 1.8 percent average annual growth of potential output. The unemployment rate continues to drift downward, reaching ...


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