Europe’s youth unemployment crisis stokes generational divide

As in Britain unemployment was low in the USA in the 1950s and 1960s but it rose sharply in the 1970s. In 1980 the USA was in the grip of a recession. Unemployment was almost 11% in 1982. (The situation in Canada was similar). It fell to 7% in 1985 and 5.5% in 1988. In 1999 it stood at 4.2%. However in the early 21st century unemployment rose and in May 2010 it stood at 9.9%. However by February 2017 it had fallen to 4.7%.

10 Facts About The Growing Unemployment Crisis In …

At 13.5%, youth unemployment in Canada is double the national average. (Mark Blinch/Reuters)

One of the most pressing issues faced by Canada today is unemployment

In Britain in the mid-19th century the economy boomed and unemployment was low. However unemployment rose in the late 19th century. It is not certain how much of the workforce was unemployed at that time but it was a significant problem. There was also employment when some men were not able to work a full week. On 13 November 1887 the unemployed held a mass demonstration in Trafalgar Square in London. Troops were sent in to clear the square and in the ensuing violence one man died. The event became known as Bloody Sunday.

The Shame of America's Long-Term Unemployment Crisis

In the USA unemployment was also very high during the 1930s. From mid-September prices fell. On 24 October 1929, known as Black Thursday, panic selling began on Wall Street and prices fell catastrophically, an event known as the Wall Street Crash. Business confidence disappeared, banks failed and industry slumped. By 1932 industrial production in the USA had fallen by half and exports fell to one third of their 1929 level. Unemployment went through the roof. By 1932 about one quarter of the work force was unemployed. When people lost their jobs they could no longer buy goods and demand fell so people lost their jobs. There had been economic slumps in America before but his one was more severe than anything previously experienced. It was known as the Depression.

Canadian millennials still stuck in the basement as youth unemployment surges ..

Global Financial Crisis — Global Issues

Meanwhile in the 2010s a crisis in the euro currency caused massive unemployment in southern Europe. In unemployment reached 15% in 2012. However it fell to 10.5% at the end of 2016. In Spain unemployment was even worse, reaching 25% in 2012. However by the end of 2016 it had fallen to 18.6%. In Greece unemployment also rose to 25% in 2012. It was still very high at the beginning of 2017 at 18.5%.

The following are 10 facts about the growing unemployment crisis in ..

Causes Of Unemployment | Economy Watch

Roosevelt assured the American people that the only thing they had to fear was fear itself. He promised the American people 'A New Deal'. However between 1933 and 1939 he had only limited success. Unemployment fell to between 14% and 15% by 1937. However in that year the economy dipped again. (It was called the recession) and unemployment rose to 17%. However industrial production rose to its 1929 level again by 1939.

Monitoring the state of public data in Canada

Meanwhile Canada suffered from a huge drop in exports of timber, grain and fish. By 1933 unemployment had soared to 23%. The government introduced relief works but economic hardship continued throughout the 1930s. The depression only ended when the Second World War began in 1939.

Jobs, unemployment and government action - OECD …

In Britain in the mid-19th century the economy boomed and unemployment was low. However unemployment rose in the late 19th century. It is not certain how much of the workforce was unemployed at that time but it was a significant problem. There was also employment when some men were not able to work a full week. On 13 November 1887 the unemployed held a mass demonstration in Trafalgar Square in London. Troops were sent in to clear the square and in the ensuing violence one man died. The event became known as Bloody Sunday.