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February 1981

Employment and unemployment: a report on 1980

Diane Nilsen, Robert W. Bednarzik

At the onset of 1980, the Nation entered a recessionemployment fell sharply but recouped in the fourth quarter, except in the hard-hit housing and auto industries: unemployment rose faster than at any time since the 1974-75 recession, peaked at midyear, and was well above prerecession levels at yearend.

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