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Unemployment in US increases to 5.8%

Unemployment is the state of not being in paid employment or self-employment but rather currently available for work.

Unemployment is the state of not being in paid employment or self-employment but rather currently available for work. Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed above a specified age added to those unemployed) during the reference period.

Unemployment can have many sources, such as the following below: the status of the economy, which can be influenced by a recession

competition caused by globalization and international trade

new technologies and inventions

policies of the government

regulation and market

war, civil disorder, and natural disasters

Unemployment and the status of the economy can be influenced by a country through, for example, fiscal policy.

Historical Significance

Unemployment is the state of not being in paid employment or self-employment but rather currently available for work.

Events Before

  1. Apollo 11 Moon Landing

    NASA's Apollo 11 mission successfully lands the first humans on the Moon. Neil Armstrong and Buzz Aldrin become the first people to walk on the lunar surface.

  2. Tommy Morrison is born

    Tommy Morrison, American professional boxer, known for american boxer, was born on 1969-01-02.

  3. Christy Turlington is born

    Christy Turlington is born

  4. Jack Kent Cooke, owner of the NHL's LA Kings, fines each player $100 for not arguing with the referees

    Jack Kent Cooke, owner of the NHL's LA Kings, fines each player $100 for not arguing with the referees

  5. Atlantic Records releases Led Zeppelin’s eponymous debut album in the United States

    Atlantic Records releases Led Zeppelin’s eponymous debut album in the United States

Events After

  1. Cigarette advertisements are banned from broadcast media in the US

    Cigarette advertisements are banned from broadcast media in the US

  2. 1st "Quickie" Divorce granted in UK

    1st "Quickie" Divorce granted in UK

  3. Tamla Records releases Marvin Gaye's single "What's Going On" about police brutality, from the album of the same name

    What's Going On is the eleventh studio album by the American soul singer Marvin Gaye. It was released on May 21, 1971, by the Motown Records subsidiary label Tamla.

  4. Military coup in Uganda led by Major General Idi Amin

    Idi Amin Dada Oumee (30 May 1928 – 16 August 2003) was a Ugandan military officer and politician who served as the third president of Uganda from 1971 until his overthrow in 1979.

  5. General Idi Amin ousts Milton Obote and appoints himself President and Dictator of Uganda

    Idi Amin Dada Oumee (30 May 1928 – 16 August 2003) was a Ugandan military officer and politician who served as the third president of Uganda from 1971 until his overthrow in 1979.

More from the 1970s

death

Erroll Garner dies

Erroll Garner dies

birth

Chai Jing is born

Chai Jing, Chinese journalist and environmental activist, known for chinese journalist and environmental activist, was born on 1976-01-01. Chai Jing is a Chinese journalist.

Charles "Chub" Feeney becomes the President of Major League Baseball's National League

Charles Stoneham "Chub" Feeney (August 31, 1921 – January 10, 1994) was an Irish-American front office executive in Major League Baseball.

Cigarette advertisements are banned from broadcast media in the US

Cigarette advertisements are banned from broadcast media in the US

Frequently Asked Questions

What happened on December 4, 1970?
Unemployment is the state of not being in paid employment or self-employment but rather currently available for work. Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed above a specified age added to those unemployed) during the reference period. Unemployment can have many sources, such as the following below: the status of the economy, which can be influenced by a recession competition caused by globalization and international trade new technologies and inventions policies of the government regulation and market war, civil disorder, and natural disasters Unemployment and the status of the economy can be influenced by a country through, for example, fiscal policy.
Why is Unemployment in US increases to 5.8% significant?
Unemployment is the state of not being in paid employment or self-employment but rather currently available for work.

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December 4 in HistoryYear 1970