What caused unemployment in 2001?

What caused unemployment in 2001?

Nonfarm payroll employment fell 762,000, or 0.6 percent, in 2001. (See table 1.) Falling orders led factories to cut more than 1 million jobs from their payrolls. This retrenchment led to job losses in wholesale trade and transportation, and to a massive cutback in factories’ use of temporary help services.

What was the unemployment rate in January 2001?

4.2 percent
The number of unemployed rose by about 300,000 in January to nearly 6.0 million, pushing the unemployment rate from 4.0 to 4.2 percent. The jobless rate had ranged from 3.9 to 4.1 percent since October 1999.

What was wrong with the economy in 2001?

With GDP growth virtually 0% in 2001, the unemployment rate began to rise, reaching 5.6% in November. As shown in Table 1, the economy shrank in the first three quarters of 2001, and has been expanding since then.

Was there an economic recession in 2002?

The U.S. Recession of 2001-2002. Recessions are defined in terms of declines in real GDP. By this definition the U.S. entered a recession in the third quarter of 2001 but statistics other than real GDP indicate that the problems for the economy developed in the summer of 2000.

What does it mean to be unemployed in Kansas?

For unemployment purposes, this means that you do not work and that no wages are payable to you for that week. If you work less than full time, you may also be considered unemployed as long as your gross weekly wages do not exceed your Weekly Benefit Amount (WBA).

How long do you have to wait for unemployment in Kansas?

Kansas unemployment laws require that claimants serve a one-week waiting period before being eligible for benefits. This is the first week that you meet all unemployment requirements for payment of benefits.

How to file a claim for unemployment in Kansas?

To file an initial claim for Kansas Unemployment Insurance benefits, you will need to create an account on the KDOL website located here. You can also file a claim for through a Kansas unemployment phone number: Toll–free Kansas unemployment number, outside the local calling area: 800-292-6333.

What was the unemployment rate in April 2021?

In seasonally adjusted terms, in April 2021: The unemployment rate decreased 0.2 pts to 5.5%; The unemployment rate was 0.9 pts lower than April 2020, and 0.2 pts higher than March 2020; Unemployed people decreased by 33,600 to 756,200;

Who is in charge of unemployment in Kansas?

The Kansas Division of Unemployment Compensation is administered by the Kansas Department of Labor (KDOL), Division of Employment Security.

What was the unemployment rate in Kansas in October?

Preliminary estimates reported by the Kansas Department of Labor (KDOL) and the Bureau of Labor Statistics (BLS) show a seasonally adjusted unemployment rate of 3.1 percent in October. This was down from 3.2 percent in September and down from 3.3 percent in October 2018. Read more here.

What does it mean to overpay unemployment in Kansas?

If you have an overpayment, it means that the Kansas Department of Labor has determined that you obtained Unemployment Insurance (UI) benefits in excess of the amount that might otherwise have applied.

How often do you have to apply for unemployment in Kansas?

You must meet all eligibility Kansas unemployment requirements every week. In short, this means that there can be nothing preventing you from seeking and accepting work if it is offered to you. This is also known as being Able and Available.