Proof Point
U.S. unemployment continued to drop after it reached highest level of 15.1 million following 2009 financial crisis, declining to 4.7% of labor force or 7.53 million individuals in 2016
U.S. Unemployment Level and Rate
2005 – 2016 (millions of individuals and percentage rate)
| Note: | Covered segment of population only includes individuals aged 16 and over |
Proof Point Findings
- Unemployed – Members of labor force, aged 16 and over, who do not have jobs, have actively looked for work in past four weeks, and are currently available for work, excluding those living in correctional facilities, mental care institutions and residential nursing houses
- U.S. Unemployment Level – Fell to 4.7% of labor force or 7.53 million unemployed individuals, lowest unemployment rate in 10 years
- Financial Crisis Effects – Recovered significantly, dropping 10% annually from 2009 to 2016, after it reached highest level at 15.1 million in 2009 following global financial crisis
- Future Dependencies – Include technology displacements resulting from industries' process automation, economic growth, possible reshoring of jobs outsourced to other countries, and other labor and economic policies to be implemented by Trump administration
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Accelerator |
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Sector |
Cross-sector
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Source |
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Date Last Updated |
March 3, 2017
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