Here's a nice visual of the US unemployment rate from 1950 to present. You can see that it peaked at almost 11% in 1980. It was extremely low in 1950s, getting under the 3% level. Recently, you can see that the unemployment rate has been on the rise, currently sitting over 6%. There's talk that this recession could take the rate up to 9%, possibly 10% before reversing course.
How We Rate Credit Cards
At GET.com we compare credit cards and rate them objectively based on the credit card's features, interest rates and fees.
Cards are rated by our team based primarily on the basis of value for money to the cardholder. The GET.com team rates each card based on its annual fee, rewards, benefits, bonus, introductory APR, ongoing APR, flexibility (in how its benefits can be used and how rewards are earned and redeemed), and other card features.