What year was the highest unemployment rate UK?

When was unemployment the highest in the UK?

Considering the data between 1920 and 1948 the highest recorded unemployment rate was 23.4% in May 1921 and the lowest was 1.6% in September 1947 (excluding the war years). Long periods of relatively high unemployment rates were also recorded in the UK in the Depression of the early 1930s.

What year had the highest unemployment rate?

The unemployment rate has varied from as low as 1% during World War I to as high as 25% during the Great Depression. More recently, it reached notable peaks of 10.8% in November 1982 and 14.7% in April 2020.

What is the highest unemployment rate in the last 20 years?

Unemployment Rate in the United States averaged 5.77 percent from 1948 until 2021, reaching an all time high of 14.80 percent in April of 2020 and a record low of 2.50 percent in May of 1953.

Why was unemployment so high in 1982?

The level of unemployment in Britain is almost the highest in Europe – second only to Belgium. The two main factors behind the rise in the jobless total are the economic recession and the restructuring of industry.

Were there any shortages in the 1980s?

During the 1980s, farmers in the United States were confronted by an economic crisis more severe than any since the Great Depression. Many of those who relied on agriculture for their livelihoods faced financial ruin.

THIS IS FUN:  Your question: How long was Afghanistan under British rule?

What was unemployment in 2019?

The U.S. labor market remained strong in 2019, as the unemployment rate fell to 3.5 percent, the lowest rate since 1969.