One of the most significant issues in the modern world is, without a doubt, the unemployment rate. Unfortunately, not even the biggest and greatest nations in the world have come up with an efficient method to eradicate unemployment in their countries. Simply put, there is no way around it.
While far from poverty, even the United States isn’t exempt from this issue. When it comes to problems such as this one, it is important to know that the unemployment rate can shift from year to year, but despite so, no major changes have taken place in the past few years.
This is why, in this article, we decided to focus on some important unemployment statistics and facts with the goal of raising awareness about this severe issue. Hopefully, governments will soon find a solution to this neverending problem.
Unemployment Statistics and Facts
When it comes to unemployment, things can change quite fast. However, the situation was never as good as it was back in 1919, when the unemployment rate was at its record low, at just 1.4%. Nothing good ever lasts forever, and just 20 years later, in 1939, the unemployment rate spiked up to a shocking 17.2%, which hit the American people hard.
According to the latest statistics, the current unemployment rate of the US is 3.7% and is expected to drop in the next few years, thanks to the strengthened economy. But then again – nothing is for sure.
The US job market is quite peculiar and complex. This is why we would suggest you take a look at the information-rich infographic below and see for yourself some of the most shocking unemployment facts and statistics that will help shed more light on this issue.
