January 11, 1999
The unemployment rate dropped from 4.6 percent in the first quarter of 1998 to 4.4 percent in the second quarter. The rate changed very little after that; the fourth quarter unemployment rate was also 4.4 percent. Month-to-month, the jobless rate remained within a narrow range of 4.3 to 4.5 percent from April 1998 onward.
Other measures of labor market activity also improved in 1998:
These data are a product of the Current Population Survey. More information can be found in news release USDL 99-06, "The Employment Situation: December 1998." Quarter-to-quarter comparisons are based on seasonally-adjusted data that have been revised to incorporate experience through December 1998. Over-the-year comparisons reflect adjustments for new composite estimation procedures and revised population controls that were introduced in January 1998.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Unemployment rate continued to drop in early 1998, then stayed down on the Internet at http://www.bls.gov/opub/ted/1999/jan/wk2/art01.htm (visited May 30, 2015).
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.