What was the unemployment rate during the Great Recession? What was the US unemployment rate in May 2020? Is #2 less than #1?
Great Recession
The Great Recession had an unemployment peak of 10%. The Great Depression saw global GDP decline by almost 30% and unemployment approach 25%. US unemployment numbers approached 15% in May 2020 due to the Coronavirus.
Early 21st-century global economic decline
Was Great Recession the period of severest unemployment?