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The steady employment gains in recent months suggest a rough answer. The unemployment rate has been 7.9 percent, 7.8 percent and 7.8 percent for the past three months, while the labor force participation rate has been 63.8 percent, 63.6 percent and 63.6 percent. Meanwhile, job gains have averaged 151,000.
March 1886 (United States) The Great Southwest Railroad Strike of 1886 was a labor union strike against the Union Pacific and Missouri Pacific railroads involving more than 200,000 workers. [ 20] 1 May 1886 (United States) Workers protested in the streets to demand the universal adoption of the eight-hour day.
Description. Oct 1945–. Nov 1948. 37. +5.2%. +1.5%. As the United States demobilized from World War II, the decline in government spending caused a brief recession in 1945 and suppressed GDP growth for several years thereafter. However, private economic activity expanded at a brisk pace throughout this period.
The US labor market just finished a year that many thought would see a recession with one of the highest 12-month job totals seen in the last decade. Including an unexpectedly strong December ...
Job creation refers to the number of net jobs added, which is reported monthly by the Bureau of Labor Statistics. [4] Journalist Glenn Kessler of The Washington Post summarized the total job creation by president from Truman through Trump as of August 2020. For the 13 presidents beginning with Truman, total job creation was about 70.5 million ...
US economy added just 114,000 jobs last month and unemployment rose to 4.3%. What a jarring way to start the month of August. Last month’s job growth was far, far softer than expected, and the ...
This recession was one of the main causes of the American Civil War, which would begin in 1861 and end in 1865. This is the earliest recession to which the NBER assigns specific months (rather than years) for the peak and trough. [ 6][ 8][ 21] 1860–1861 recession. October 1860 – June 1861. 8 months.
Add in downward revisions to information (read: tech) employment of 68,000 and financial activities of 76,000 and we're looking at more than half a million jobs that can be broadly characterized ...