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The Highest Unemployment Rate Ever In Canada/ USA  
User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9160 posts, RR: 15
Posted (11 years 1 month 3 weeks 5 days 7 hours ago) and read 3939 times:

Hi folks.

From what I heard, the unemployment rate in USA and Canada was once over 10%, highest ever in US and Canadian history. Can anyone confirm that?

What was the highest unemployment rate ever achieved by USA and Canada? Also when?

38 replies: All unread, showing first 25:
 
User currently offlineJAL777 From , joined Dec 1969, posts, RR:
Reply 1, posted (11 years 1 month 3 weeks 5 days 7 hours ago) and read 3931 times:

I believe the unemployment rate reached nearly 30% during the Great Depression of the 1930's.

User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9160 posts, RR: 15
Reply 2, posted (11 years 1 month 3 weeks 5 days 7 hours ago) and read 3926 times:

What's the highest unemployment rate in Canada and USA between 1970s to 2000s? Anything like 10+%?

User currently offlineAirworthy From , joined Dec 1969, posts, RR:
Reply 3, posted (11 years 1 month 3 weeks 5 days 5 hours ago) and read 3901 times:

According to this site the US unemployment rate since 1939....

http://www.bls.gov/cps/#empstat_q

Highest Unemployment Rate = 9.7% 1982
Lowest Unemployment Rate = 1.2% 1944 (WWII)


User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9160 posts, RR: 15
Reply 4, posted (11 years 1 month 3 weeks 5 days 5 hours ago) and read 3897 times:

And the second lowest? Heard that it was around 8% in 1986-87. Or even late 90s.

What about Canada?


User currently offlineAirworthy From , joined Dec 1969, posts, RR:
Reply 5, posted (11 years 1 month 3 weeks 5 days 4 hours ago) and read 3890 times:

Here's a better look, from the end of WWII onwards...
The lowest in modern times is 4.0% in 2000

Year Ann Avg
1948 3.8
1949 5.9
1950 5.3
1951 3.3
1952 3.0
1953 2.9
1954 5.5
1955 4.4
1956 4.1
1957 4.3
1958 6.8
1959 5.5
1960 5.5
1961 6.7
1962 5.5
1963 5.7
1964 5.2
1965 4.5
1966 3.8
1967 3.8
1968 3.6
1969 3.5
1970 4.9
1971 5.9
1972 5.6
1973 4.9
1974 5.6
1975 8.5
1976 7.7
1977 7.1
1978 6.1
1979 5.8
1980 7.1
1981 7.6
1982 9.7
1983 9.6
1984 7.5
1985 7.2
1986 7.0
1987 6.2
1988 5.5
1989 5.3
1990 5.6
1991 6.8
1992 7.5
1993 6.9
1994 6.1
1995 5.6
1996 5.4
1997 4.9
1998 4.5
1999 4.2
2000 4.0
2001 4.7
2002 5.8



[Edited 2003-06-08 07:55:54]

User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9160 posts, RR: 15
Reply 6, posted (11 years 1 month 3 weeks 5 days 2 hours ago) and read 3875 times:

Thanks a lot!

What about Canada?

Seems that Australia and New Zealand suffer from a much worse unemployment rate!


User currently offlineAloges From Germany, joined Jan 2006, 8697 posts, RR: 43
Reply 7, posted (11 years 1 month 3 weeks 4 days 23 hours ago) and read 3863 times:

Looking at that list would make many German politicians want to cry... 9.7 as a maximum, not average! Yeeeehaaaa! Another interesting thing is how it went from 1989 till today.


Walk together, talk together all ye peoples of the earth. Then, and only then, shall ye have peace.
User currently offlinePacificjourney From New Zealand, joined Jul 2001, 2732 posts, RR: 8
Reply 8, posted (11 years 1 month 3 weeks 4 days 19 hours ago) and read 3833 times:

Yet again it should be pointed out that comparing different countries unemployment rates is pointless. The figures are gathered in vastly different ways and mean vastly different things.


" Help, help ... I'm being oppressed ... "
User currently offlineDonder10 From Canada, joined Oct 2001, 6659 posts, RR: 21
Reply 9, posted (11 years 1 month 3 weeks 4 days 18 hours ago) and read 3829 times:

But with an increasing number of countries using the ILO measure....

User currently offlinePacificjourney From New Zealand, joined Jul 2001, 2732 posts, RR: 8
Reply 10, posted (11 years 1 month 3 weeks 4 days 18 hours ago) and read 3824 times:

Really ?

I wasn't aware of any country changing it's method lately. It's just such political dynamite for them to do so.



" Help, help ... I'm being oppressed ... "
User currently offlineAloges From Germany, joined Jan 2006, 8697 posts, RR: 43
Reply 11, posted (11 years 1 month 3 weeks 4 days 18 hours ago) and read 3823 times:

AFAIK, someone is unemployed in Germany when he/she works less than 15 hours per week. In the UK, that limit is 5 hours. Imagine what opposition, unions and nearly everyone else would say if that were to be changed by any governmet.


Walk together, talk together all ye peoples of the earth. Then, and only then, shall ye have peace.
User currently offlineDelta-flyer From United States of America, joined Jul 2001, 2676 posts, RR: 7
Reply 12, posted (11 years 1 month 3 weeks 4 days 17 hours ago) and read 3810 times:

I took Airworthy's data and plotted it, superimposing (by color) the party of the current administration. Interesting result.

Pete



User currently offlineDesertJets From United States of America, joined Feb 2000, 7760 posts, RR: 16
Reply 13, posted (11 years 1 month 3 weeks 4 days 17 hours ago) and read 3804 times:

There is an old saying. Statistics lie and statisticians are liars.

The ONLY conclusion that I would be willing to make from the above data, is that Republican presidents are more likely to be in office during a period of recession. It is also worth noting that Republicans have been in office as President more years than Democrats. As much credit as the man in the White House would like to take for economic health, it seems to be somewhat independant of his actions.



Stop drop and roll will not save you in hell. --- seen on a church marque in rural Virginia
User currently offlineAirworthy From , joined Dec 1969, posts, RR:
Reply 14, posted (11 years 1 month 3 weeks 4 days 15 hours ago) and read 3785 times:

Take that evidence away!

But really you have to hand it to Clinton that he did in fact lower unemployment ever year during his term.


User currently offlineContinental From United States of America, joined Jun 2000, 5511 posts, RR: 18
Reply 15, posted (11 years 1 month 3 weeks 4 days 15 hours ago) and read 3780 times:

I love that chart, just goes to show that when a republican is in power, the economy goes down the toilet. All the war, security, and all this other "hoo-hah" Bush has created has caused all this chaos. It's a joke, we need a democratic pres., and FAST.

co


User currently offlineN312RC From United States of America, joined Aug 2000, 2682 posts, RR: 16
Reply 16, posted (11 years 1 month 3 weeks 4 days 13 hours ago) and read 3769 times:

Since, obviously, the president is the sole person who determines unemployment rates.


Fly Delta's Big Jets!
User currently offlineDelta-flyer From United States of America, joined Jul 2001, 2676 posts, RR: 7
Reply 17, posted (11 years 1 month 3 weeks 4 days 11 hours ago) and read 3749 times:

There is an old saying. Statistics lie and statisticians are liars.

Is the data in my chart wrong? How exactly am I lying? (Well, I did inadvertantly extend the republican rule through 2008 - I pasted an 8 year bar and forgot to shorten it)

It is the interpretation that may be faulty.

I don't want to necessarily imply that the Republicans (nor individual presidents) are solely responsible for unemployment; there are a lot of other factors involved. For one thing, unemployment is a lagging indicator, meaning that the economy deteriorates before unemployment does. By the same token, the economy will rebound before unemployment will improve. Increases in government spending will also reduce unemployment.

In any event, I thought the data looked interesting enough to share with you guys. The lesson here is, don't jump to conclusions; just because you see different data charted together, do not immediately assume that there is a causal relationship between them.

Do you know what I think? Both parties suck at controlling the economy. It's a good thing that it pretty well runs itself.

Pete


User currently offlineContinental From United States of America, joined Jun 2000, 5511 posts, RR: 18
Reply 18, posted (11 years 1 month 3 weeks 4 days 9 hours ago) and read 3720 times:

Since, obviously, the president is the sole person who determines unemployment rates.

No, but he plays a major role in doing so. Also when you have a rep. pres., you will also have many other major US officials that agree with the rep. pres. that are republicans themselves....

co


User currently offlineDesertJets From United States of America, joined Feb 2000, 7760 posts, RR: 16
Reply 19, posted (11 years 1 month 3 weeks 4 days 9 hours ago) and read 3718 times:

The saying, told to me by my stats instructor of all people is meant to reinforce the point that mere data alone do not tell a story. If one were to draw a conclusion that high unemployment is caused by republican presidents, which you correctly did not, they would be using perfectly correct data to draw an incorrect conclusion.

Admittedly the chart is interesting looking, and it creates a lot of possible questions to look at as well.



Stop drop and roll will not save you in hell. --- seen on a church marque in rural Virginia
User currently offlineDelta-flyer From United States of America, joined Jul 2001, 2676 posts, RR: 7
Reply 20, posted (11 years 1 month 3 weeks 4 days 8 hours ago) and read 3709 times:

Admittedly the chart is interesting looking, and it creates a lot of possible questions to look at as well.

That was precisely my point.  Smile

Pete


User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9160 posts, RR: 15
Reply 21, posted (11 years 1 month 3 weeks 4 days 5 hours ago) and read 3692 times:

What about Canada and Australia???????



User currently offlineCfalk From , joined Dec 1969, posts, RR:
Reply 22, posted (11 years 1 month 3 weeks 3 days 20 hours ago) and read 3683 times:

Remember guys that unemployment that is too low is bad for the economy, as it is inflationary. Stuctural unemployment is known as the unemployment level which is normal in a healthy economy, and varies from country to country. Structural unemployment in the U.S. is somewhere around 4.5% to 5.0% In some countries it is lower, and in others it is higher.

Continental, In case you did not notice, the economy started going into the toilet about a year before GWB came into office. And had certain laws which are now in effect been passed under Clinton instead of being passed off until 2001, it would be quite clear to you that the Clinto economic boom was largely a lot of smoke and mirrors, based of false financials. As a trained and experienced economist, I have a lot more confidence in today's economy than I had in the one of 4 or 5 years ago.

Charles


User currently offlineJetService From United States of America, joined Feb 2000, 4798 posts, RR: 11
Reply 23, posted (11 years 1 month 3 weeks 3 days 19 hours ago) and read 3667 times:

Continental, don't put the cart before the horse. It's a common trend that when America is in tough economic times and/or threat of war, they tend to vote Republican and during good economic times and/or relative peace, they tend to vote Democrat. Again, this is a trend.


"Shaddap you!"
User currently offlineContinental From United States of America, joined Jun 2000, 5511 posts, RR: 18
Reply 24, posted (11 years 1 month 3 weeks 3 days 18 hours ago) and read 3667 times:

Ok, but, you must admit that the pres. has indeed contributed. The war is costing tons, and the pres. must also spend some time on the economy. The homeland security plan developed by 9-1-1 has sent many businesses down, if not, gone, which makes the former employees for that company unemployed...

co


25 JetService : Continental, the test for Bush come voting time will be how well he handles the economy. Unlike you, most Americans (according to just about every pol
26 Continental : I've never said that it was entirely Bush's fault, I said that he had contributed to it. Now, we can't say that 9-1-1 would've happened if Gore were i
27 JetService : Continental, how do you think Gore winning may have prevented 9/11? Sounds like that was planned for a long time into the Clinton presidency, so whome
28 Sebolino : I heard that the very low unemployement rate in the US hides many "poor workers" who have jobs that are so badly paid that they need another activity.
29 Airworthy : Any worker in the United States is guarenteed a "minimum wage".
30 NDSchu777 : That chart's just another classic example of playing around with statistics to make them say what you want them to say. There are many different ways
31 Continental : If Gore was elected, that doesn't mean that 9/11 would definetely happen.... There could have been other factors contributing to the cause that we are
32 Cfalk : Continental, Have you forgotten that Al Qaeda became an active entity during the Clinton Administration, and started its attacks against the U.S. duri
33 FDXmech : Continental, Actually, the Democratic party has been in power during war years moreso than the Republicans. The bulk of the 1960's when we were in Vie
34 Post contains images Sebolino : Any worker in the United States is guarenteed a "minimum wage". Hey !!!! That's nearly communist !
35 United Airline : Does anyone have the figures for CANADA?
36 Post contains links Qb001 : United Airline, You'll get lots of answers here http://canadianeconomy.gc.ca/english/economy/
37 Clickhappy : the bottom line, and how most people will vote, will come down to "Am I better off now than I was four years ago?" For a large portion of the populati
38 Delta-flyer : Clickhappy ... trade cuts both ways. The US is the largest consumer of all the junk the world produces. As long as we buy, people will have US dollars
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