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The 1990s economic boom in the United States was a major economic expansion that lasted between 1993 and 2001, coinciding with the economic policies of the Clinton administration. It began following the early 1990s recession during the presidency of George H.W. Bush and ended following the infamous dot-com crash in 2000.
In a move to protect the broader economy from the over-inflated stock market, the Fed began raising interest rates in 1999, culminating in a market crash and a string of high-profile bankruptcies beginning the following year. Nov 2001– Dec 2007 73 +0.9% +2.8%: Another mild recession occurred in 2001, followed by moderate expansion.
July 1990 marked the end of what was at the time the longest peacetime economic expansion in U.S. history. [2] [5] Prior to the onset of the early 1990s recession, the nation enjoyed robust job growth and a declining unemployment rate. The Labor Department estimates that as a result of the recession, the economy shed 1.623 million jobs or 1.3% ...
By 2011 fewer than seven percent of employees in the private sector belonged to unions. The UAW's numbers of automobile union members are representative of the manufacturing sector: 1,619,000 active members in 1970, 1,446,000 in 1980, 952,000 in 1990, 623,000 in 2004, and 377,000 in 2010 (with far more retired than active members). [194]
1990 in labor relations (3 C, 2 P) 1991 in labor relations (3 C, 2 P) 1992 in labor relations (3 C, 3 P) 1993 in labor relations (3 C, 3 P) 1994 in labor relations (3 ...
Part of the problem appears to be a dramatic shift in the labor market back in favor of employers: A Gallup poll released Tuesday found U.S. workers are seeking new opportunities at the highest ...
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.
Notably, the early 1990s recession did not have as deep a contraction as the early 1980s recession, but was of longer duration as it had four years of less than 2.3% growth in real GDP (1989–92), while the early 1980s recession only had two years of less than 2.3% growth (1980 and 1982), and only the early 1990s recession actually saw a ...