U.S. Unemployment over the past decade

This has been a remarkable decade. At the beginning of the decade the American economy was experiencing the lowest unemployment that it had had in many decades.By the end of the decade the unemployment rate had skyrocketed to over 10 % from its low point of less than 4 %. The bursting tech bubble, 9/11, 2 wars and the financial crash all in a decade. Its a lot to absorb.

U.S.unemployment rate  2000-2011

Year    Jan.       Dec.

2000    4.0 %     3.9 %

2001     4.2         5.7

2002     5.7          6.0

2003     5.8          5.7

2004      5.7          5.4

2005      5.3           4.9

2006     4.7         4.4

2007       4.6          5.0

2008        5.0          7.3

2009         7.8          9.9

2010          9.7           9.4

2011           9.0           9.1

source: U.S. Bureau of Labour Statistics

About haroldchorneyeconomist

I am Professor of political economy at Concordia university in Montréal, Québec, Canada. I received my B.A.Hons (econ.&poli sci) from the University of Manitoba. I also completed my M.A. degree in economics there. Went on to spend two years at the London School of Economics as a Ph.D. student in economics and then completed my Ph.D. in political economy at the University of Toronto. Was named a John W.Dafoe fellow, a CMHC fellow and a Canada Council fellow. I also was named a Woodrow Wilson fellow in 1968 after completing my first class honours undergraduate degree. Worked as an economist in the area of education, labour economics and as the senior economist with the Manitoba Housing and Renewal Corporation for the Government of Manitoba from 1972 to 1978. I also have worked as an economic consultant for MDT socio-economic consultants and have been consulted on urban planning, health policy, linguistic duality and public sector finance questions by the governments of Manitoba, Saskatchewan,the cities of Regina and Saskatoon, Ontario and the Federal government of Canada. I have also been consulted by senior leaders of the British Labour party, MPs from the Progressive Conservative party, the Liberal party and the New Democrats on economic policy questions. Members of the Government of France under the Presidency of Francois Mitterand discussed my work on public sector deficits. I have also run for elected office at the municipal level. I first began to write about quantitative easing as a useful policy option during the early 1980s.
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