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Re: Point of View: December economic report

JANUARY 06, 2010

Work-experience unemployment rate, 2008
The "work-experience unemployment rate"—defined as the number of persons unemployed at some time during the year as a proportion of the number of persons who worked or looked for work during the year—was 13.2 percent in 2008, up from 9.5 percent in 2007.

In 2008, the "work-experience unemployment rate" was 3.7 percentage points higher than in 2007. The 2008 rate was the highest since 1994. The rates for whites, blacks, Hispanics, and Asians rose in 2008.