The financial crisis of 2007–2009 sent the United States into its worst recession since the end of World War II, with the unemployment rate rising to above 10%. Go to http://research.stlouisfed.org/fred2/ and click on the Series ID link “UNRATE” (Civilian Unemployment Rate). What has happened to the unemployment rate since the time of the last reported value in Figure 16?

Unemployment refers to the amount of labor force unemployed for the given period. Unemployment is expressed within the terms of percentage. When the gross domestic product of the country reduces for quite one consecutive quarters and economy decline on temporary basis, this example is thought as recession.

Since the last recession reported within the year 2009, the unemployment level crossed $10.6\%$ in January, $2010.$ After January 2010 the percent kept on fluctuating within the year 2010 and was minimum $9\%$ in September, 2010. in keeping with the last reported data, the newest unemployment recorded in half-moon was $4.5\%$ in January, 2018, 4.4\% in February, $2018,4.1\%$ in March, 2018 and $3.7\%$ in April,2018. the most recent data shows the expansion of economy and reduce within the pct.