Unemployment in 2007
April 23, 2008
The number of unemployed persons was 7.4 million in the fourth quarter of 2007, an increase of 600,000 compared with the level in the fourth quarter of 2006.
The unemployment rate for persons aged 16 years and older was 4.8 percent in the fourth quarter of 2007, up from 4.4 percent in the same quarter a year earlier; it remained below the 10-year averages for the 1970s, 1980s, and 1990s.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Unemployment in 2007 on the Internet at http://www.bls.gov/opub/ted/2008/apr/wk3/art03.htm (visited October 10, 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.