Friday, June 5, 2009

Unemployment Rate rises to 9.4%

The unemployment rate for May 2009 was 9.4%. This is significantly above the historical average of 5.5% and indicates the economy is probably still in recession.

The U.S. unemployment rate between 1948 and 2009.

My September 6, 2008 blog post explains the measurement of unemployment and contains monthly U.S. unemployment data since January 1948.

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