Question

What is the 3 year history of US unemployment rate, inflation rate and labor force participation rate

Answer 1

Answer -

In 2017 , the unemployment rate in US was around 4.3 % , in 2018 and 2019 , it remains constant at 4 % , but in 2020 as corona arrived , this rate jumped to highest of 15 % till now.

Labor force participation rate in 2017 was about 62.75 % , in 2018 it came down a bit to 62.6 % , and rose above 63 % in 2019 . It rose to 63.5 % at the beginning of 2020.

For the inflation rates in 2017 it was 2.5 % , in 2018 it came down to 2.2% , in 2019 , it was 1.5 % and it nearly came up to 0.2 % in 2020 as a result of recession due to covid 19