Lowest unemployment rates in decades at end of 1999
March 29, 2000
The U.S. unemployment rate dropped to 4.1 percent in the fourth quarter of 1999—a 30-year low. The rate had been 4.4 percent at the end of 1998.
Workers in most major demographic groups benefited from improvements in the job market in 1999. The unemployment rate for adult women fell from 4.0 percent to 3.6 percent between the fourth quarters of 1998 and 1999, compared to a decline from 3.6 percent to 3.4 percent for adult men—the rate for women was the lowest in 31 years, while the rate for men was the lowest in 26 years.
The unemployment rate of teens improved slightly in 1999, finishing the year at 13.8 percent. The teenage unemployment rate had not been this low since the early 1970s.
The unemployment rate for whites ended the year at a three-decade low of 3.5 percent. For Hispanics, the unemployment rate reached a record low of 6.1 percent at the end of 1999. The black unemployment rate finished the year at 8.1 percent, a rate lower than any recorded prior to 1999.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Lowest unemployment rates in decades at end of 1999 on the Internet at http://www.bls.gov/opub/ted/2000/mar/wk4/art03.htm (visited August 03, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.