Quick Takes | Jobs and Unemployment

Unemployment increases, recovery on pause

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The current unemployment rate is 9.1%. To remind us what a healthy unemployment rate looks like, 4 years ago, in May 2007, the unemployment rate stood at 4.4%, and 11 years ago, in May 2000, the unemployment rate was 4.0%. The U.S. workforce needs the pace of job growth to accelerate dramatically in order to re-establish full employment within any reasonable timeframe, and instead, the recovery is on pause.


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