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This was the result of demobilization and the shift from a wartime to peacetime economy. The post-war years were unusual in a number of ways (unemployment was never high), and this era may be considered a "sui generis end-of-the-war recession". [60] [61] Recession of 1949: November 1948 – October 1949 11 months 3 years 1 month 7.9% (October ...
The following year, the unemployment rate fell below 3.5% and a major spike in the repo market occurred, prompting fears of a recession. The expansion would end in March 2020 due to the novel coronavirus which caused a pandemic that resulted in the 2020 stock market crash. [18] April 2020- Ongoing: TBD: TBD: TBD
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.
The labor force participation rate ticked up slightly more than anticipated in November, however, to reach 61.8%, versus the 61.7% consensus economists were expecting and the 61.6% posted in October.
The U.S. Department of Labor released its monthly jobs report Friday morning at 8:30 a.m. ET. November jobs report: US economy adds 245,000 jobs, unemployment rate falls to 6.7% [Video] Skip to ...
Data from the Bureau of Labor Statistics released on Friday showed the unemployment rate was 3.7% for the month, down from 3.9% in October. The US economy added 199,000 jobs in November, an uptick ...
The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication. [1] [2] While the non-seasonally adjusted data ...
The Labor Department monthly jobs report for November at 8:30 a.m. ET on Friday. Here are the highlights, compared to Wall Street estimates. November jobs report: Payrolls rise by 263,000 ...