The following report is outdated. It has been updated for NOVEMBER 2016 HERE.
This report is outdated. For current reports, please click on one of the links above.
This report is outdated. For current reports, please click on one of the links above.
What was the unemployment rate when Bush left office and Obama was inaugurated? 7.8%
What was unemployment when Obama took office? How many people were unemployed? Read below
What was the unemployment rate after Obama's first full month in office (February 2009)? 8.3%
What was the unemployment rate at peak? 10.0%
What is today's (January 2014's) unemployment rate? 6.6%
(What is the unemployment rate in June 2016? 4.9%)
(What is the unemployment rate in June 2016? 4.9%)
All Latest Jobs and Unemployment Reports HERE
How many people were looking for work when Obama was inaugurated; how many were working? And how many people are looking for work and how many are employed now?
How many people were looking for work when Obama was inaugurated; how many were working? And how many people are looking for work and how many are employed now?
- Read below the graph.
- The following chart shows the unemployment rate in three month intervals plus month-by-month for the latest months:
Why are there two lines, one for "Seas Adjusted" and one for "Unadjusted"?
The Bureau of Labor Statistics uses seasonal adjustments to adjust for the volatility in the labor market from one month to the next. The relatively even declining red line above shows the unemployment rate based on seasonally adjusted numbers. The jagged green line shows the unemployment rate based on "real", "raw" numbers; the unadjusted rate. Notice that the green line goes up in January (after holiday layoffs) and July (school-related layoffs), and it goes down in October and April, which are strong months for workers. (Employees are all back to school in October, and employers are staffing up for the holidays. Schools are also full in April and employers are starting to staff up for summer, construction, vacation venues, etc.) The red line helps us to compare the unemployment rate over a period of months; the green line, however, reflects "reality": Your friends, neighbors, and family members actually working or not working.
The Bureau of Labor Statistics uses seasonal adjustments to adjust for the volatility in the labor market from one month to the next. The relatively even declining red line above shows the unemployment rate based on seasonally adjusted numbers. The jagged green line shows the unemployment rate based on "real", "raw" numbers; the unadjusted rate. Notice that the green line goes up in January (after holiday layoffs) and July (school-related layoffs), and it goes down in October and April, which are strong months for workers. (Employees are all back to school in October, and employers are staffing up for the holidays. Schools are also full in April and employers are starting to staff up for summer, construction, vacation venues, etc.) The red line helps us to compare the unemployment rate over a period of months; the green line, however, reflects "reality": Your friends, neighbors, and family members actually working or not working.
