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Long-term unemployment rose to a record high [12] while labor force participation fell off sharply as many of the unemployed gave up looking for work. [13] In an effort to spur economic growth, the Federal Reserve engaged in three rounds of quantitative easing, while the federal funds rate was kept near zero for an unprecedented seven years. [14]
Unemployment rates historically are lower for those groups with higher levels of education. For example, in May 2016 the unemployment rate for workers over 25 years of age was 2.5% for college graduates, 5.1% for those with a high school diploma, and 7.1% for those without a high school diploma.
Monetary policy: The Federal Reserve conducts monetary policy, adjusting interest rates to move the economy towards a full employment target of around a 5% unemployment rate and 2% inflation rate. The Federal Reserve has maintained near-zero interest rates since the 2007–2009 recession, in efforts to boost employment.
U.S. applications for unemployment benefits jumped to their highest level in two months last week but remain low relative to historical standards. Jobless claim applications climbed by 17,000 to ...
The unemployment rate ticked higher to 3.9%, according to the Bureau of Labor Statistics. April marks the 27th consecutive month that the jobless rate has held under 4%, matching a streak last ...
The median age of males increased from 34 years old to 37.2 years old with more people over 65 years old and fewer people of labor age. According to the 2020 Current Population Survey, most men who were out of the labor force self-reported they could not work due to illness, disability, or due to attending higher education.
Slightly more American apply for unemployment benefits last week, but layoffs remain at low levels ... It was the Fed’s first rate cut in four years after a series of increases starting in 2022 ...
The population grew at an annual rate of over 3% throughout the 18th century, doubling every 25 years or less. [ 5 ] : x By 1775 the population had grown to 6.1 million, of which 2.1 million were white, 540,000 black and 3.5 million Native American, giving the colonies about one-third of the population of Britain.