What and when was the highest value of the unemployment rate? What was the approximate value of the unemployment rate in January 2020? How much did the unemployment rate rise between these two periods?
What and when was the highest value of the unemployment rate? What was the approximate value of the unemployment rate in January 2020? How much did the unemployment rate rise between these two periods?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
- What and when was the highest value of the
unemployment rate?
- What was the approximate value of the unemployment rate in January 2020?
- How much did the unemployment rate rise between these two periods?
- What is the value of the unemployment rate in them most recent period on your graph?
Transcribed Image Text:A Unemployment Rate (UNRATE)
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Observation:
Units:
Frequency:
1Y I 5Y | 10Y | Max
to
EDIT GRAPH O
Jan 2022: 4.0 (+ more)
Percent,
Monthly
2019-01-01
2022-01-01
Updated: Feb 4, 2022
Seasonally Adjusted
FRED - Unemployment Rate
15.0
12.5
10.0
7.5
5.0
2.5
May 2019
Sep 2019
Jan 2020
May 2020
Sep 2020
Jan 2021
May 2021
Sep 2021
Jan 2022
1950
1000
1070
2000
2010
Shaded areas indicate U.S. recessions.
Source: U.S. Bureau of Labor Statistics
fred.stlouisfed.org
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