In Denver, in a state with just three
per cent unemployment, 10 per cent of employers that screen for drugs had dropped marijuana as of 2016, according to a survey by the Employers Council, which provides corporate legal and human resources services.
As the worst years of the Depression hit — causing 25
per cent unemployment, the closure of some 5,000 banks and the migration of hundreds of thousands of Americans to shantytowns — Evans spent two months in West Virginia and Pennsylvania.
And in Alberta, not even a recession and a nine
per cent unemployment rate did much damage to house prices in Calgary and Edmonton.
Zimbabwe was once one of the most prosperous countries in Africa, but today it is wracked by economic chaos with an annual inflation rate estimated at 231 million per cent in January 2009 and over 80
per cent unemployment.
But the IPPR argues achieving full employment - which it defines as five
per cent unemployment and an 80 % employment rate for the non-student working age population - could make a big difference to the UK.
This is mirrored by ILO unemployment figures, which are also at a historical low of 5.3
per cent unemployment, down 0.1 per cent on the quarter.
All states except Western Australia recorded declines in employment and, naturally, Tasmania came in as the perennial holder of record with 7.7
per cent unemployment.
The gap between rich and poor has increased, the number of homeless is growing, the nation has come to accept 7
per cent unemployment as economic success, and the existence of a trapped underclass is perceived as normal.
But the dominant school of economic thinking favors at least five
per cent unemployment.
Wage increases under enterprise bargaining continue to be in the 4 to 5 per cent range, figures which appear high in a climate of 2 per cent inflation and 8 1/2
per cent unemployment.
Not exact matches
The
unemployment rate (6.2
per cent in August) is about as low is it ever gets, and could push lower still.
That helped lower the
unemployment rate in February to 7.7
per cent, a four - year low.
Last week it stood by its plan to keep a key short - term interest rate near zero until
unemployment drops below 6.5
per cent.
In Canada, the latest data from Statistics Canada shows that self - employment rose by 23,400 in June as the
unemployment rate rose to 7.1
per cent in June.
THE
unemployment rate in Australia is currently 6.9
per cent, according to figures released by the Australian Bureau of Statistics last week.
On edge over rates and jobs Today's decision by the Reserve Bank on interest rates has become an extremely close call amid fears Australia's
unemployment rate may have already reached 5.5
per cent.
The gains were enough to lower the
unemployment rate to a 4 1/2 - year low of 7.4
per cent, a good sign in an otherwise lacklustre report.
This group of occupations has an
unemployment rate of just over 1
per cent and wages that are «rising by an average annual rate of 3.9
per cent — more than double the rate seen in the economy as a whole.»
The
unemployment rate in Western Australia was unchanged at 6.1
per cent in September, however it disguised a fall in employment as the number of people working fell by over 9,000 during the month.
Western Australia's
unemployment rate has remained at 4.9
per cent in April, in line with the national rate which has held steady at 5.8
per cent.
A 2013 survey conducted near its Tasiast mine in Mauritania by local sociologists found that the number of households living below the poverty line had been cut by more than half since 2011 and the
unemployment rate had declined from 47
per cent to 24
per cent.
Western Australia's
unemployment rate has fallen by a surprising 0.9
per cent in the month of December, while job numbers were up for a record - equalling 15th consecutive month nationwide, with economists giving positive assessments of the labour market.
The overall youth
unemployment rate was 12
per cent, little changed from previous jobs reports, as more young people participated in the labour market.
An oil price crash and an
unemployment rate that spiked to nine
per cent last year did not cause the residential real estate market to crater, as some feared.
The report by McMaster University economics professor William Scarth argues that keeping the deficit at 0.5
per cent of GDP for the next three years could lower the
unemployment rate by 0.4
per cent, or create the equivalent of 75,000 additional jobs.
They are among the most educated in the developed world, but have an
unemployment rate of 13.4
per cent, nearly double the general
unemployment rate.
The Bank of England's Mark Carney has promised the same until the British
unemployment rate falls below 7
per cent.
The Fed repeated its plan to keep its key short - term rate near zero at least until
unemployment falls to 6.5
per cent from the current 7.3
per cent.
Unemployment, at 7.1
per cent, is slightly higher than it was a year ago, but lower than at most times in the last 40 years.
It predicts that
unemployment will fall as low as 6.4
per cent next year, down from 6.5
per cent in its June forecast.
An
unemployment rate of 6.2
per cent is very low by historical standards, as it has dropped below six
per cent only a handful of times.
Accordingly, with the economy expected to pick up and the
unemployment rate to come down gradually as the mining investment transition came to an end, the Board judged it appropriate to hold the cash rate at 1.5
per cent.
This seems to be the growth track the U.S. economy is on, with forecast growth averaging around 2
per cent and the
unemployment rate remaining stubbornly high, in the 9 to 10
per cent range.
Since the mid 2000s, the
unemployment rate has averaged 5 1/4
per cent, a better outcome than in the previous three decades.
We have achieved the inflation target and with an average
unemployment rate of between 5 and 6
per cent.
Economic growth has been falling since 2010 and the economy has been operating below its potential since then; employment growth, particularly full time employment growth has struggled; in 2014 only 121,000 jobs were created; employment growth has not kept up with population growth; labor force participation has declined to its lowest level since 2000; long - term
unemployment has increased; the
unemployment rate remains stuck at just under 7
per cent, and youth
unemployment is at 14
per cent; business investment has stagnated; and Canadians are losing confidence in their economic future.
Statistics Canada says last month's increase of 22,200 jobs also helped nudge the
unemployment rate down from 6.3
per cent in July to a nine - year low of 6.2.
He has said that he is quite comfortable with economic growth of around 2
per cent or less for 2013, even though this would not reduce the
unemployment rate, currently stuck at 7.2
per cent.
The Office for National Statistics said the
unemployment rate in May fell to 7.8
per cent in the three months to May, 0.2 percentage point lower than the previous two - month period.
In both the United States and Europe the
unemployment rate is around 10
per cent, and both economies are estimated to be operating at around 5
per cent below their potential.
«Given the still solid pace of job gains, we expect the
unemployment rate to move lower to 4.0
per cent assuming a stable to lower participation rate,» TD also said.
They also saw the jobless rate falling to 3.6
per cent by the end of 2019, further below their 4.5
per cent estimate of
unemployment's long - run sustainable rate.
«Overall, a report showing strong job growth, a falling
unemployment rate, and steady wage gains should be mildly hawkish for markets and supportive of continued but gradual Fed rate hikes, keeping a June hike well priced above 90
per cent,» TD said.
The
unemployment rate is stuck above 7
per cent compared to 5.9
per cent before the recession.
Our
unemployment rate remains below the national average, and our real GDP is forecast to grow by a solid 3.0
per cent in 2015 and 3.1
per cent in 2016.
In December the economy lost 60,000 full time jobs and the
unemployment rate rose to 7.2
per cent.
This is a major factor holding down its
unemployment rate to «just» 15
per cent today.
It also says the 2013
unemployment rate of 7.6
per cent was at its lowest since the 2008 - 09 recession and predicts it to drop to 7.4
per cent in 2014.
July's
unemployment rate of 4.9
per cent is not far off the average of the 1950s or 1960s.
If our friends at Deutsche Bank are right in forecasting the US
unemployment rate to decline from the current 17 year low of 4.1
per cent to 3.2
per cent by - late 2019, the US Federal Reserve are going to have a delicate balancing act as they lift the cash rate in trying to keep inflationary expectations under control.