Quick Answer: What Is The Current Youth Unemployment Rate?

What state has the most job opportunities 2020?


Massachusetts earned the top spot on our list of states with the best job market.

New York.

With 9.13 million employees and 392,000 open positions, New York scored a second place on this list.







Colorado.More items….

What is the unemployment rate today 2020?

The unemployment rate decreased by 1.0 percentage point to 6.9 percent in October 2020. That was the sixth consecutive month the rate has declined, but it was still nearly twice the February rate of 3.5 percent.

What is the youth unemployment rate in the US?

U.S. youth unemployment rate for 2019 was 8.54%, a 0.03% increase from 2018. U.S. youth unemployment rate for 2018 was 8.52%, a 0.62% decline from 2017.

What is the youth unemployment rate in UK?

The unemployment rate (the proportion of the economically active population who are unemployed) for 16-24 year olds was 14.2% in September-November 2020. This is up from 14.1% in the previous quarter and from 11.3% a year before. The inactivity rate for young people is 39.4%.

Which state has the highest unemployment rate 2020?

Hawaii and Nevada had the highest unemployment rates in December at 9.3% and 9.2%, respectively. Nebraska and South Dakota had the lowest rate at 3% each. The map below shows the most recent unemployment rate per state, according to BLS data.

What year was the highest unemployment rate?

1933The highest rate of U.S. unemployment was 24.9% in 1933, during the Great Depression. 1 Unemployment remained above 14% from 1931 to 1940. It remained in the single digits until September 1982 when it reached 10.1%. 2 During the Great Recession, unemployment reached 10% in October 2009.

What is Australia’s unemployment rate 2020?

In 2020 the unemployment rate in Australia appeared to be influenced by the coronavirus pandemic, reaching 7 percent in October of that year. the unemployment rate peaked in July when ir reached 7.5 percent.

What percentage of Australia is poor?

13.2%In Australia, there are more than 3 million people or 13.2% of the population living below the poverty line. That includes 739,000 children or more than 1 in 6. Many of those affected are living in deep poverty – on average $135 a week below the poverty line.

What is the current rate of youth unemployment in Australia?

In 2020, the estimated youth unemployment rate in Australia was at 11.96 percent….Australia: Youth unemployment rate from 1999 to 2020.Youth unemployment rate202011.96%201912.06%201811.87%201712.66%9 more rows•Nov 10, 2020

Is youth unemployment a problem?

But getting to work is not just a problem for young people, in fact, high youth unemployment is everyone’s problem. The disproportionately high rate of youth unemployment presents an opportunity cost of $4.5 billion to the economy.

Which states have the worst unemployment?

Unemployment Hawaii and Nevada had the highest unemployment rates in December, 9.3 percent and 9.2 percent, respectively. Nebraska and South Dakota had the lowest rates, 3.0 percent each.

What was the lowest unemployment rate in 2020?

Unemployment Rate in the United States averaged 5.77 percent from 1948 until 2020, reaching an all time high of 14.80 percent in April of 2020 and a record low of 2.50 percent in May of 1953.