Quick Answer: What Is The Current Unemployment Rate 2020?

What state has the worst unemployment rate?

Hawaii had the country’s highest unemployment rate at 15.1%, more than seven points higher than the national average, and the state’s jobless rate increased by 2.1% last month, partly due to coronavirus-related losses in Hawaii’s critical tourism industry..

What year has the highest unemployment rate?

The unemployment rate has varied from as low as 1% during World War I to as high as 25% during the Great Depression. More recently, it reached notable peaks of 10.8% in November 1982 and 14.7% in April 2020.

What is the unemployment rate in Nigeria 2020?

approximately 7.96 percentIn 2020, the unemployment rate in Nigeria was at approximately 7.96 percent….Nigeria: Unemployment rate from 1999 to 2020.Unemployment rate20207.96%20198.1%20188.24%20178.39%9 more rows•Oct 27, 2020

What is the current unemployment rate March 2020?

4.5 percentU.S. unemployment rate: 4.5 percent, March 2020.

What is a good unemployment rate for a country?

The Bottom Line The ideal real unemployment rate for the United States is 3.5% – 4.5%. 12 Zero unemployment wouldn’t be ideal, also almost impossible, because it would indicate a severely overheating economy. Three types of unemployment make up the general natural unemployment figures.

What is Nigeria inflation rate?

Nigeria inflation rate for 2019 was 11.40%, a 0.7% decline from 2018. Nigeria inflation rate for 2018 was 12.09%, a 4.43% decline from 2017. Nigeria inflation rate for 2017 was 16.52%, a 0.85% increase from 2016. Nigeria inflation rate for 2016 was 15.68%, a 6.67% increase from 2015.

How much of America is unemployed?

How many people are unemployed in the United States right now? It depends who you ask — and what you mean by unemployed. There is the official unemployment rate from the Bureau of Labor Statistics, which was 7.9% as of September. That equates to about 12.6 million people.

What is the unemployment rate today 2020?

The unemployment rate decreased by 1.0 percentage point to 6.9 percent in October 2020. That was the sixth consecutive month the rate has declined, but it was still nearly twice the February rate of 3.5 percent.

What state has the highest unemployment rate right now?

HawaiiUnemployment Hawaii had the highest unemployment rate in October, 14.3 percent, followed by Nevada, 12.0 percent. Nebraska and Vermont had the lowest rates, 3.0 percent and 3.2 percent, respectively.

What is China’s unemployment rate?

Unemployment rate in China 2008-2025. In 2019, the unemployment rate in urban areas of China ranged at about 3.6 percent. According to IMF projections, the unemployment rate will increase to 3.8 percent in 2020 due to the impact of the coronavirus COVID-19 pandemic and drop again to 3.6 percent in 2021.

How many graduates are unemployed in Nigeria?

Graduates and post graduates combined made up about 2.9 million of the total Nigerians that are unemployed. In a surpising data, out of the 35.5 million Nigerians that are fully employed, 28.8 million of them never attended school (6.29 million) or did not have a tertiary education (22.5).

What is the percentage of unemployed youths in Nigeria?

– For the period under review, Q3, 2018, the unemployment rate for young people (15-35years) declined to 29.7% in Q3, 2018 from 30.50% in Q2 2018. This was however an increase from 13.7% in Q3 2015, 19.1% in Q3 2016 and 25.5% in Q3 2017.

What was the highest unemployment rate in 2020?

14.7 percentThe unemployment rate in April 2020 increased by 10.3 percentage points to 14.7 percent. This is the highest rate and the largest over-the-month increase in the history of the data (available back to January 1948).

Which country has the highest unemployment rate?

The world’s highest unemployment rates at the end of 2019 were in Sub-Saharan Africa and occupied Palestine.Lesotho: 28.2%Eswatini: 26.5%Occupied Palestinian Territories: 26.4%Mozambique: 24.8%6

What is the lowest unemployment rate ever?

3.5 percentThe national unemployment rate fell by 0.3 percentage point over the year, to 3.5 percent, the lowest jobless rate since 1969.