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Using online resources, describe visually and in words how the unemployment rate in the US has...

Using online resources, describe visually and in words how the unemployment rate in the US has changed over the past decade.

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Answer #1
  • Over the past decade, unemployment rate in US has decreased significantly.
  • After recession of 2008, unemployment rate increased sharply triggering expansionary monetary and fiscal policies.
  • In 2008, unemployment rate was 7.2 % which rose to 9.3 % in year 2009. it was one of the worst period in 10 years.
  • Gradually unemployment rate started decreasing, it was 6.7 % in 2013. But still figure was high or above the natural rate of unemployment.
  • Now, November data of 2018 shows that unemployment rate has decreased drastically in USA. it is 3.7 % which is lowest in last 49 years.
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