What was the percentage of unemployment in 2010?
What was the percentage of unemployment in 2010?
9.6 percent
The U.S. jobless rate was 9.6 percent in 2010, and the national employment-population ratio was 58.5 percent. In 2010, 15 States reported annual average unemployment rates of 10.0 percent or more. Nevada recorded the highest rate, 14.9 percent, followed by Michigan, 12.5 percent, and California, 12.4 percent.
What was the unemployment rate in December 2010?
9.4 percent
The number of unemployed persons decreased by 556,000 to 14.5 million in December, and the unemployment rate dropped to 9.4 percent. Over the year, these measures were down from 15.2 million and 9.9 percent, respectively.
What was the unemployment rate in October 2010?
The number of unemployed persons, at 14.8 million, was little changed in October; the unemployment rate remained at 9.6 percent and has been essentially unchanged since May.
Does unemployment affect the economy?
The unemployment rate is the proportion of unemployed persons in the labor force. Unemployment adversely affects the disposable income of families, erodes purchasing power, diminishes employee morale, and reduces an economy’s output.
What was the unemployment rate in Cyprus in 2000?
Unemployment Rate in Cyprus averaged 7.81 percent from 2000 until 2021, reaching an all time high of 16.50 percent in March of 2014 and a record low of 3 percent in March of 2002.
When did Cyprus economy go into a recession?
The Cypriot economy went into recession in 2009, as the economy shrank by 1.67%, with large falls specifically in the tourism and shipping sectors which caused rising unemployment. Economic growth between 2010 and 2012 was weak and failed to reach its pre-2009 levels.
What was the interest rate on the Cyprus loan?
The loan has an interest rate of 4.5%, with no amortization/repayment until its maturity ends after 4.5 years, and no penalty if repayment at that point of time will be delayed, in the event of a persisting lack of access for Cyprus to cover its financial needs through the normal funding markets.
What was the Cyprus financial crisis in 2012?
The 2012–2013 Cypriot financial crisis was an economic crisis in the Republic of Cyprus that involved the exposure of Cypriot banks to overleveraged local property companies, the Greek government-debt crisis, the downgrading of the Cypriot government’s bond credit rating to junk status by international credit rating agencies, the consequential