Unemployment in the 1990s

J. Bradford DeLong

March 2001

  • The 1990s were an astonishingly good decade for the United States as far as its average level of unemployment was concerned.
  • By 1997, the unemployment rate had fallen to levels that in the past had been associated with rapidly rising inflation; yet inflation remained quiescent.
  • Good unemployment performance continued until the very end of 2000, when the recession of 2001 began.

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