Accessing and working with basic economic data; Unemployment, Household Income, GDP.
Title:
Analyzing Economic Data
Length:
1 pages
(275 Words)
Style:
MLA
Preview
Data Work
Figure 1
Unemployment Rate
Date Range: Dec 1985 to Feb 2016
Observation Date | Civilian Unemployment Rate |
January 2008 | 5% |
October 2009 | 10% |
November 2015 | 10% |
Ever since President Obama's inauguration, the unemployment issue has always been on the news, hence, I was interested in observing how the civilian unemployment rate has been over the past 20 years and particularly since 2008. From the graph, it is evident that between 2007 and 2009 the level of unemployment significantly rose due to the 2008 financial crisis. The spike in unemployment in 2008 goes to show when the economy faces a crisis, millions of people lose their jobs and unemployment soars.
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