Table 1 Changes in unemployment rates during each post-war recession and recovery
From: What factors contributed to changes in employment during and after the Great Recession?
Recession | Lowest unemployment rate in the year before start of recession | Highest unemployment rate during or after the official end of recession | Difference from trough to peak |
|---|---|---|---|
Nov-48 | 3.7 | 7 | 3.3 |
Jul-53 | 2.6 | 6 | 3.4 |
Aug-57 | 4 | 7.4 | 3.4 |
Apr-60 | 5.2 | 7 | 1.8 |
Dec-69 | 3.4 | 6 | 2.6 |
Nov-73 | 4.8 | 8.9 | 4.1 |
Jan-80 | 5.9 | 10.7 | 4.8 |
Jul-90 | 5.3 | 7.6 | 2.3 |
Mar-01 | 3.9 | 6.2 | 2.3 |
Dec-07 | 4.5 | 10.0 | 5.5 |
Recession | Highest unemployment rate during or after the official end of recession | Lowest unemployment rate in the recovery (up to 6Â years after the recession) | Difference from peak to trough |
Nov-48 | 7 | 2.6 | 4.4 |
Jul-53 | 6 | 4 | 2 |
Aug-57 | 7.4 | 5.1 | 2.3 |
Apr-60 | 7 | 3.7 | 3.3 |
Dec-69 | 6 | 4.8 | 1.2 |
Nov-73 | 8.9 | 5.7 | 3.2 |
Jan-80 | 10.7 | 6.6 | 4.1 |
Jul-90 | 7.6 | 5 | 2.6 |
Mar-01 | 6.2 | 4.5 | 1.7 |
Dec-07 | 10.0 | 5.8 | 4.2 |