Trivia about money, jobs, budgets, credit, debt, and anything related to personal finance.

Unemployment

*75% of women polled would not marry a man who was unemployed. More info

*In 2010 4.6% of the $3.5 trillion federal budget went to unemployment compensation.

*High unemployment and the growing costs of raising children are creating a baby gap. The birth rate has declined every year since the 2008 recession started, falling over 7%. Couples are either downsizing their dream family, or skipping out on having children all together.

*Nearly 20% of women today choose not to have kids, up from 10% in the 1970s.

*A 2009 Pew Research Center survey reported that 14% of people in their prime childbearing years put off having a child because of the 2008 recession.

*Prior to 1987, unemployment compensation amounts were excluded from federal gross income.

*Unemployment compensation has been taxable by the federal government since 1987.

*In 1933, 25% of all workers and 37% of all non-farm workers were completely out of work.

*On January 8, 2009 electronic unemployment filing systems in New York, North Carolina, and Ohio crash amid an unprecedented number of jobless Americans seeking benefits. Source

*The Manpower Development and Training Act of 1962 authorized a three-year program aimed at retraining workers displaced by new technology. Source

Panic of 1893: Over 15 thousand businesses close and unemployment soars to as high as 25% of the workforce. The unemployment rate exceeds 10% for five or six consecutive years. Source

*October 29, 1929: The stock market crash on what becomes known as Black Tuesday marks the beginning of the Great Depression in the United States. During the Great Depression, which lasts until 1939, unemployment rises to approximately 25% of the workforce.

*The year with the lowest average unemployment rate was 1953 with an average unemployment rate of 2.93% Source

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