Unemployment Rate After Recession

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To understand clearer how unemployment rate is associated with recessions, we will deeper analyze figure 4. The graph shows U.S. unemployment rate from 1948 to 2008 (60 year period). Figure 4. The U.S. Unemployment rate, 1948-2008. Source: Bureau of Labor Statistics; National Bureau of Economic Research.
The shaded zones represent periods of recession. During every recession, without exception, the unemployment rate increased. As you can see, the most significant growth in unemployment rate is visible after 1981-1982 year decline. Unemployment peaked in November 1982 at 10.8%.
Respectively, during periods of economic expansion the unemployment rate usually falls. However, It is important to emphasize, that economic expansions are not Always periods of falling unemployment. For instance - recessions of 1990 - 1991 and 2001. In both cases the unemployment rate continued to rise for more than one year after recession. The explanation of that would be that although the economy was growing, the process was not fast enough to reduce the unemployment rate.
1.6 …show more content…
In general, it depends on the social group the person belongs. So, who are these people? The question can be answered using the Current population survey. According to U.S. Bureau of labor statistics (data of 2014) we can define some our society clusters which tend to get the minimum–wage more frequently than all population:
1.6.1 Gender
Minimum-wage workers are more likely to be women than men. Among workers who were paid hourly rates in 2014, about 5 percent of women had wages at or below the prevailing federal minimum, compared with about 3 percent of men.
The same information give Occupation Employment Statistics (Figure

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