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Numbers listed from 1941 and onward are Bureau of Labor Statistics data [7] of nonfarm jobs (in thousands), and are shown from the year beginning and ending each presidential term. The monthly statistics are quoted from January, as U.S. presidents take office at the end of that month.
In February 2020, at the start of the COVID-19 pandemic in the United States, there were 164.6 million civilians in the labor force. [2] Before the pandemic, the U.S. labor force had risen each year since 1960 with the exception of the period following the Great Recession, when it remained below 2008 levels from 2009 to 2011. [2]
Change in non-farm employment for all U.S. presidents since 1939 (data from the Bureau of Labor Statistics) [9] [10] President Political party Period of presidency Nonfarm employment at the start of presidency (in thousands) Nonfarm employment at the end of presidency (in thousands) Annual percentage change in nonfarm employment
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 ...
Dates Duration (months) Annual Employment Growth [2] Annual GDP Growth [3] 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.
Today, 5.5 million more Americans are working than were in February 2010. That's the good news. But we are still likely years away from a jobs market anyone could consider normal. Twelve million ...
The United States economy experienced a recession in 2001 with an unusually slow jobs recovery, with the number of jobs not regaining the February 2001 level until January 2005. [108] This "jobless recovery" overlapped with the building of a housing bubble and arguably a wider debt bubble, as the ratio of household debt to GDP rose from a ...
In 1915, the Bureau of Labor Statistics had formed a more systemized set of data collection. Data on the number of workers involved remained a rough estimate but more consistent. [ 5 ] : 195, (203 in pdf) The data however also included strikes with fewer than six workers involved, likely leading to slightly higher worker estimates.