U.S. Unemployment Rates by Year
| Year | Unemployment Rate (as of Dec.) | GDP Growth |
|---|---|---|
| 1932 | 23.6% | -12.9% |
| 1933 | 24.9% | -1.2% |
| 1934 | 21.7% | 10.8% |
| 1935 | 20.1% | 8.9% |
What is the current unemployment rate for black African American overall?
State unemployment rates, by race/ethnicity and overall, 2020Q3
| State | All | Black |
|---|---|---|
| Arkansas | 7.3% | 11.5% |
| California | 11.9% | 14.7% |
| Colorado | 6.8% | NA |
| Connecticut | 8.7% | NA |
What was the national unemployment rate in 1932 the worst year of the Great Depression?
The unemployment rate increased sharply during the early 1930s (Fig. 1), reaching its historical maximum of 22.9% in the U.S. in 1932. It subsequently declined between 1933 and 1937, only to increase once again to 12.5% in 1938.
What is the African American unemployment rate 2021?
Table 1. US unemployment rate by race, April 2021 to June 2021
| Race | April 2021 | June 2021 |
|---|---|---|
| White | 5.3 | 5.2 |
| Asian American | 5.7 | 5.8 |
| Latino or Hispanic | 7.9 | 7.4 |
| Black | 9.7 | 9.2 |
Why was the unemployment so high in 1932?
The first question is why was there such high unemployment in 1933. The answer is that the economy was not producing (because it could not sell) as much output as it was capable of producing. This is because the umemployment rate represents what is not produced that could be produced.
What is the unemployment rate for African Americans in 2021?
What is the unemployment rate for African Americans in the United States?
African American unemployment rate estimates are available for 22 states and the District of Columbia. Among states, the unemployment rate for African Americans was lowest in Virginia (4.3 percent) and Florida (5.1 percent), and highest in Pennsylvania (8.9 percent); in the District of Columbia, it was 11.8 percent.
How is unemployment measured by race and ethnicity?
EPI analyzes state unemployment rates by race and ethnicity, and racial/ethnic unemployment rate gaps, on a quarterly basis to generate a sample size large enough to create reliable estimates of unemployment rates by race and ethnicity at the state level.
How is the unemployment rate compared to the Great Depression?
On one hand, the country may soon achieve Depression-era levels of joblessness due to the coronavirus pandemic. By some metrics, we may already be close. But the downturn will likely fall short of “depression” standards relative to overall duration, economists said.
What’s the unemployment rate in the District of Columbia?
Among states, the unemployment rate for African Americans was lowest in Virginia (4.3 percent) and Florida (5.1 percent), and highest in Pennsylvania (8.9 percent); in the District of Columbia, it was 11.8 percent. The District of Columbia also had the highest black unemployment rate during the previous nine quarters.
