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Unemployment timeline

  • The stock marker crash of 1929

    The stock marker crash of 1929

    the unemployment rare was at a 3.2% due to a collapse of the stock prices, marking one of that worst decline in U.S history.
  • Pearl Harbor

    Pearl Harbor

    In the year of 1941 the unemployment rate was at a 9.9%, due tot he fact of the attack of Pearl harbor. It produce a shorter of labor because of the increase of drafting for the military.
  • The Bretton Woods agreement

    The Bretton Woods agreement

    It introduce a new world order making America the dominate power in the word economy. The U.S was the only country with the ability to print dollar.
  • The korean war

    The korean war

    The Korean war boosted the GDP growth throughout the government.
  • The warefare reforme.

    The warefare reforme.

    the unemployment was at a 5.4%. the new legislation converted the AFDC in to flat founded block grant TANF and send it to the state to administrate.
  • Bush tax cuts/911 attack

    Bush tax cuts/911 attack

    the unemployment rare was at a 5.7%. President Bush authorized a tax cut call the economic growth and tax relief reconsideration act of 2001. this stimulate the economic during the resection that year.
  • War on terror.

    War on terror.

    this was a military campaign lunch by precedent Bush in response to the Al-Qaeda 911 terror attack created a 2.4 trillion in debt
  • The Obama tax cut

    The Obama tax cut

    It extended college tuition tax credit and it also include a 58 million in industry/specific tax cut.
  • Presidential race

    Presidential race

    The Democrats promoted the income inequality by providing more benefits for low income households. The Republicans promoted supply side economics which means they would be reducing business trade and investment cost would be the best way to increase growth.
  • The rises of the unemployment rate

    The rises of the unemployment rate

    The unemployment rate in April 2020 increased by 10.3 percentage points to 14.7 percent. This is the highest rate and the largest over-the-month increase in the history of the data (available back to January 1948). The number of unemployed persons rose by 15.9 million to 23.1 million in April. The sharp increases in these measures reflect the effects of the COVID-19 pandemic and efforts to contain it.